Gold prices fell in futures trade today on weak global markets and muted spot demand by jewellers. However, a weak rupee as well as volatile domestic equities offset the drop in gold.
In global markets, gold was lower as the dollar strengthened on strong US retail sales data. The fall was offset by interest rate cut expectations in the US.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.15% to 799.37 tonnes on Tuesday from 800.54 tonnes on Monday, as per Reuters data.
Spot gold traded at Rs 34,407/10 grams, while MCX Gold Aug-5 futures traded at 34,734/10 grams.
Silver was flat owing to a decline in orders from industrial units and coin makers.
In global markets, gold was lower as the dollar strengthened on strong US retail sales data. The fall was offset by interest rate cut expectations in the US.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.15% to 799.37 tonnes on Tuesday from 800.54 tonnes on Monday, as per Reuters data.
Spot gold traded at Rs 34,407/10 grams, while MCX Gold Aug-5 futures traded at 34,734/10 grams.
Silver was flat owing to a decline in orders from industrial units and coin makers.
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