Gold Rate Today: Gold slips on weak cues, lacklustre demand

Gold Rate Today: Gold slips on weak cues, lackluster demand 

NEW DELHI: Gold price declined slightly in Monday's session amid weak cues from the global market and fall in demand from local jewelers. 
In global markets, gold prices were lackluster as dollar's rise amid concerns of weak global economic growth weighed on bullion, while investors eyed signals of an ebbing trade war ahead of the G-20 meet. 
Around 10:25 am, the MCX Gold was trading at Rs 30,456 per 10 grams, down by Rs 39. However, silver price saw some traction in the futures market. The MCX Silver was trading at Rs 36,134 a kilo, higher by Rs 73 at that time. 



       Date
Gold Spot Price
Rs/10 grms (Ahmedabad)
Gold Future Price
Rs/10 grms Expiry: 05-Dec-2018
    26-11-2018
    30834.0
    30507.0
    23-11-2018
    0.0
    30492.0
    22-11-2018
    30834.0
    30610.0
    21-11-2018
    30862.0
    30814.0
    20-11-2018
    30913.0
    30822.0
    19-11-2018
    30918.0
    30883.0
    16-11-2018
    30912.0
    31010.0
    15-11-2018
    30906.0
    30829.0
    14-11-2018
    30759.0
    30835.0
    13-11-2018
    30898.0
    30799.0
    12-11-2018
    31200.0
    31017.0
    09-11-2018
    31773.0
    31000.0
    08-11-2018
    0.0
    31406.0
    07-11-2018
    0.0
    31580.0
    06-11-2018
    31773.0
    31646.0

MCX Gold remains bearish as long as Rs 30,900 is capped as resistance. It has immediate resistance at Rs 30,590 - 30,690, whereas support is placed at Rs 30,400-30,340," Motilal Oswal Securities said in a report. The brokerage advises selling on rising.
MCX Silver has a short-term support at Rs 35,700, whereas resistance is at Rs 36,400-36,500. Sideways consolidation is expected in the range of Rs 35,700-36,500. Trading on extreme is advised," said Motilal Oswal Securities.  

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