Gold Rate Today: Gold falls amid rising equities and strong dollar

NEW DELHI: Gold prices declined in futures trade on Monday following gains in equity markets and a stronger dollar.

Global markets were trading higher as hopes of more stimulus from central banks around the world soothed investors’ fears of a sharp global economic slump.

Globally, yellow metal prices dipped due to a stronger US dollar and a recovery in equities. The gold prices had touched all-time high last week, however, it fell 0.3 per cent to $1,518.70 an ounce.




SPDR Gold Holdings said its holdings fell 0.10 per cent to 843.41 tonnes on Friday.

Spot gold was down 0.3% at $1,509.13 per ounce at 0354 GMT.

Around 11.00 am, MCX Gold traded at Rs 37,430 per 10 gm.

Silver prices also slipped to Rs 43,531 per kg today.