Gold Rate Today In Economic Times

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Gold rate today in economic times. Meanwhile key support for feb future exists around rs 48 450 where 200 dema coincides with the 78 6 fibonacci retracement of the recent up move. As mentioned in our earlier views price needs to sustain above rs 49 650 49 700 zone to rise further towards rs 49 900. Meanwhile price is facing resistance of 21 day ema 49 650 which could be the key level for the day.

Holdings in the spdr gold trust the world s largest gold backed exchange traded fund fell 0 2 per cent to 1 167 82 tonnes on thursday. Gold futures were trading steady at 1 829 50. Find gold rate in india gold rate forecast price chart news and more.

Savers buying into gold in 2021 should hold the investment over a longer time horizon to get the desired levels of returns as the pace of vaccination expected to begin early next year gathers momentum and dims the allure of the safe haven metal in the short run hence asset allocation to gold could decline in the new year as wealthy individuals are disappointed with prices. Globally gold prices were little changed on wednesday as investors weighed news that us senate majority leader mitch mcconnell postponed a vote on increased pandemic aid checks to individuals. Mcx gold february futures witnessed decline towards the lower band of the consolidation range of rs 48 600 49 700.

Spot gold was steady at 1 877 76 per ounce by 0043 gmt. Globally gold prices inched lower as the dollar ticked up although concerns over rising covid 19 cases and hopes of a large us scal stimulus being eventually released checked the metal s decline. Spot gold fell 0 2 per cent to 1 881 65 per ounce by 0107 gmt but was up 2 3 per cent so far this week.

On the upside immediate resistance. Us gold futures fell 0 1 per cent to 1 881 50. Shriram tran fin 1 291 35 180 25.

Nse gainer large cap. Spot gold slipped 0 2 per cent to 1 826 10 per ounce by 0156 gmt u s. Us gold futures were down 0 3 per cent to 1 923.