Gold Price Today: Domestic Gold Futures Move In Narrow Range Near ₹ 52,000

Gold Price Today: Domestic Gold Futures Move In Narrow Range Near ₹ 52,000

13th August 2020 0 By Abdul Qadeer
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Gold has been one of the most consistent gainers through the six months of coronavirus-led turmoil in financial markets.

Current Gold Price In India: Gold futures moved in a range of ₹ 51,950-52,365/10 grams

Current Gold Price In India: Gold futures moved in a range of ₹ 51,950-52,365/10 grams

Gold Price In India: Domestic gold futures were stuck in a ₹ 415 range on Thursday, despite the global rate climbing up 1 per cent to trade firm above the $1,900 per ounce mark. Multi Commodity Exchange (MCX) gold futures – due for delivery on October 5 – moved between ₹ 51,950 and Rs 52,365 in morning deals, a day after closing at Rs 52,254. At 9:52 am, the MCX gold futures contract quoted at ₹ 52,100, down ₹ 154 – or 0.29 per cent – from its previous close. (Track Gold Price Here)

In the international market, the price of gold climbed 1 per cent on a softer dollar, with an ultra-low interest rate environment and worries over global economic fallout from mounting COVID-19 cases underpinning its safe-haven appeal.

Spot gold was last seen trading 1 per cent higher at $1,936.99 per ounce.

Gold has been one of the most consistent gainers through the six months of coronavirus-led turmoil in financial markets, benefiting from a flood of capital into the world economy and investors seeking a relatively safe location to park money with interest rates at or near zero.

Typically, any sign of uncertainty in the financial markets boosts the appeal of gold as a safe-haven bet, as investors rush away from riskier asset classes.


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