Gold Rate Today: Gold steady amid recession fears

NEW DELHI: Gold prices in futures trade remained stable on Wednesday amid looming fears of recession in the global economy and a possible rate cut by the US Fed.

Globally, gold eased on Wednesday but held close to a more than six-year high on hopes of a rate cut by the US central bank and uncertainties around the Sino-US trade talks, Reuters reported.

Globally, spot gold prices fell by 0.4% at $1,535.69 per ounce. According to a report by Reuters, spot gold may peak in a range of $1,546-$1,568 per ounce.




MCX Gold traded flat at Rs 38,902 per 10 gm around 11 am.

Silver prices also fell to Rs 45,901 per kg today.