Gold price: Find all the latest trends and news about Gold

NEW DELHI: Gold prices held firm on Thursday on the back of a weaker dollar as appetite for risky assets like equities waned ahead of a potentially tense meeting between US President Donald Trump and his Chinese counterpart.

Spot gold was mostly unchanged at $1,254.06 per ounce by 0324 GMT. US gold futures climbed as much as 1 per cent to $1,260.80 and were last up 0.6 percent at $1,256.

Track this space for this and much more on the yellow metal -



WHAT'S HAPPENING TODAY
Gold prices on the commodity bourses were trading higher in morning session on account of safe haven demand from investors, retailers and jewellers. MCX Gold was trading 0.44 per cent, or Rs 127, up at Rs 28,932 per 10 gram, while MCX Silver was up 0.27 per cent, or Rs 112, at Rs 42,370 per 1 kg. READ MORE

GST MAY MAKE GOLD COSTLIER
Gold may become costlier for Indians if the government accepts chief economic advisor Arvind Subramanian's suggestion to put the yellow metal in the 12% tax bracket under GST. With an import duty of 10%, tax on gold may turn out to be 22%, which will reduce its consumption in the physical form in the second largest gold consuming nation in the world. READ MORE

GOLD MAY CLIMB TO $1,500
Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market. Prices may climb to $1,400 to $1,500 an ounce this year, said Ronald-Peter Stoeferle, managing partner at the Liechtenstein-based company, which oversees 100 million Swiss francs ($101.5 million). READ MORE