Gold Rate Today: Gold prices steady as trade tensions ebb

NEW DELHI: Gold prices in futures trade remained stable on Tuesday, after retreating from all-time high levels touched in the previous session, on ease in worries over US-China trade war and rebound in domestic currency.

Globally, spot gold prices rose today to $1,528.10 per ounce. According to a report by Reuters, spot gold may peak in a range of $1,546-$1,568 per ounce.

Back home, MCX Gold remained stable and traded at Rs 38,879 per 10 gram around 11 am.




Silver prices jumped to Rs 45,143 per kg today.

“Rupee strengthened as domestic equity market rallied on the possibility of easing trade tensions between the US and China. We expect the market to remain volatile ahead of the flow of news from global economies. Gold has support at $1524-1514 level with resistance at $1544-1552. Silver has support at $17.55-17.40 while resistance is at $17.94-18.10,” IndiaNivesh Research said in a note.