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    Gold rate today: Bullion dips as traders move to riskier assets on improved sentiments

    Synopsis

    Brokerage SMC Global said bullion counters may witness profit booking at higher levels.

    gold-getty-2Getty Images
    These remarks came a day after Iran announced that it would retreat further from the 2015 nuclear pact following the killing of Soleimani.
    Bullion counters slipped on Tuesday as sentiment improved and traders moved towards riskier assets after the United States said it could renegotiate the nuclear deal with Iran.

    US President Donald Trump is confident that he could still renegotiate the 2015 nuclear deal with Iran, despite the killing of Iran's senior military commander Qassem Soleimani, White House advisor Kellyanne Conway said on Monday.

    These remarks came a day after Iran announced that it would retreat further from the 2015 nuclear pact following the killing of Soleimani.

    Gold futures shed 0.52 per cent to Rs 40,262 per 10 gram, while silver skid 0.48 per cent to Rs 47,318 per kg.

    Brokerage SMC Global said bullion counters may witness profit booking at higher levels after the recent rise. Gold can dip lower towards Rs 40,000 while taking resistance near Rs 40,550, while silver can test Rs 47,000 while taking resistance near Rs 47,600, it added.

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

    DateGold Spot Price
    Rs/10 grms (AHMEDABAD)
    Gold Future Price
    Rs/10 grms Expiry: 05-Apr-2024
    22-03-20246597565870
    22-03-20246597565870
    21-03-20246667966180
    20-03-20246544665715
    19-03-20246534965576
    18-03-20246525865634
    15-03-20246536565545
    14-03-20246530965580
    13-03-20246518265851
    12-03-20246553165414
    11-03-20246554866033
    08-03-20246500766021
    07-03-20246500765423
    06-03-20246442065200
    05-03-20246441364819


    In the international market, gold prices slipped from the previous session's near seven-year high, as Middle East tensions cooled and investors booked profit, while palladium touched a new high.

    Spot gold fell 0.4 per cent — its biggest daily percentage decline in about a month — to $1,559.11 per ounce by 0341 GMT. In the previous session, prices had touched $1,582.59, the highest since April 2013. US gold futures dipped 0.5 per cent to $1,561.00.

    Spot palladium fell 0.3 per cent to $2,024.75, off an all-time peak of $2,032.94 an ounce hit earlier in the session.

    The industrial metal, suffering from sustained supply woes, gained about 54 per cent in 2019.

    Silver slipped 0.5 per cent to $18.05 an ounce, after touching a more than three-month high at $18.50 in the previous session, while platinum advanced 0.3 per cent to $965.76.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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