5.4 C
New York
Monday, March 1, 2021

Gold prices hold steady, near Rs 51,500 per 10 gram

Must read

Fukushima operator completes removal of second set of spent fuel rods

World12 minutes ago (Mar 01, 2021 01:30AM ET) ...

HDFC Securities blocks trading in NSE cash for limited period; bourse says ops normal

MUMBAI: Domestic brokerage HDFC Securities blocked trading in NSE's cash segment for its clients for a limited period due to a “technical glitch”. Largest bourse...

Stock market update: 10 stocks hit 52-week lows on NSE

NEW DELHI: Around 10 stocks fell to touch their 52-week lows on NSE in Monday's session. Among the stocks that touched their 52-week lows...

NEW DELHI: Gold and silver prices were trading on a flat note in Thursday’s session ahead of European Central Bank (ECB) policy meet outcome later in the day while non-stop rise in COVID-19 cases supported the prices.

The ECB is set to announce its rate decision at 1145 GMT on Thursday. Investors will watch out for its inflation forecasts, although no major policy moves are expected since it has acted aggressively to shore up the virus-hit economy.

Gold futures on MCX were up 0.01 per cent or Rs 6 at Rs 51,408 per 10 grams. Silver futures added 0.36 per cent or Rs 248 to Rs 68,691 per kg.

Gold prices rose by Rs 251 to Rs 52,149 per 10 gram in the national capital on Wednesday, according to HDFC Securities. Silver prices also jumped Rs 261 to Rs 69,211 per kilogram.

Globally, gold prices held steady near a one-week high on Thursday as the U.S. dollar weakened ahead of a policy decision by the European Central Bank due later in the day.

Spot gold was little changed at $1,946.10 per ounce by 0030 GMT, after hitting its best level since Sept. 3 at $1,950.51 on Wednesday. US gold futures were flat at $1,954.50.

The dollar index fell from a four-week high against its rivals, making gold less expensive for holders of other currencies.

Meanwhile, SPDR Gold Trust , the world’s largest gold-backed exchange-traded fund, said its holdings rose 0.2 per cent to 1,252.96 tonnes on Wednesday from 1,250.04 tonnes on Tuesday.

Silver fell 0.4 per cent to $26.92 per ounce, platinum rose 0.3 per cent to $918.26 and palladium gained 0.9 per cent to $2,292.28.

- Advertisement -

Latest article

Fukushima operator completes removal of second set of spent fuel rods

World12 minutes ago (Mar 01, 2021 01:30AM ET) ...

HDFC Securities blocks trading in NSE cash for limited period; bourse says ops normal

MUMBAI: Domestic brokerage HDFC Securities blocked trading in NSE's cash segment for its clients for a limited period due to a “technical glitch”. Largest bourse...

Stock market update: 10 stocks hit 52-week lows on NSE

NEW DELHI: Around 10 stocks fell to touch their 52-week lows on NSE in Monday's session. Among the stocks that touched their 52-week lows...

Stock market update: 132 stocks hit 52-week highs on NSE

Benchmark NSE Nifty index was trading 176.30 points up at 14705.45 on Monday on account of buying in frontline bluechip counters. Among the stocks...