Gold rate declines further; silver near Rs 68,403, check rates here

Gold rate: Yellow metal declines further; silver near Rs 68,403

NEW DELHI: Gold and silver futures were trading with cuts on Friday as higher US Treasury yields dampened the metal's appeal, while palladium eased off a record high scale a day earlier.

Benchmark US 10-year Treasury yields rose to a more than two-week high in the previous session, increasing the opportunity cost of holding non-yielding bullion.

Gold futures on MCX were down 0.08 per cent or Rs 39 at Rs 46,664 per 10 grams. Silver futures declined 0.34 per cent or Rs 234 to Rs 68,403 per kg.

"The yellow metal pared early gains on US economic recovery with better than expected US GDP numbers. The rise in US bond yields also pressured gold prices to trade weak. The positive economic data from US and ease in lockdown measures in Europe has capped upside in gold prices," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

In the spot market, highest purity gold was sold at Rs 46,930 while silver was priced at Rs 68460 on Thursday, according to the Indian Bullion and Jewellers Association.

Gold Rates - Spot & Futures (.995 purity)(MCX)

Date Gold Spot Price
Rs/10 Grms (AHMEDABAD)
Gold Future Price
Rs/10 Grms Expiry: 04-Jun-2021
30-04-2021 47569.0 46718.0
23-04-2021 0.0 47531.0
21-04-2021 47314.0 48224.0
16-04-2021 47021.0 47333.0
14-04-2021 0.0 46620.0
09-04-2021 0.0 46610.0
08-04-2021 45998.0 46817.0
06-04-2021 0.0 45640.0
01-04-2021 44823.0 45376.0
31-03-2021 0.0 44884.0

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