According to Angel Commodities,On Tuesday,s pot gold prices rose 0.4 percent to close at $1284.6 per tonne as slowdown in the global economic growth weighed on the market sentiments and led to an increase in the demand for the safe aven asset.
Analysts said off-loading of positions by participants to book profits and a weak trend in global markets, mainly influenced gold prices at futures trade here.
Spot gold was little changed at $1,284.19 per ounce by 0112 GMT, while US gold futures were also steady at $1,283.40 per ounce.
According to Angel Commodities, gold prices are expected to trade higher today, international markets are trading lower by 0.4 percent at $1277.55 per ounce.
At the MCE, gold for delivery in February was trading lower by Rs 7, or 0.02 percent, at Rs 32,036 per 10 grams in a business turnover of 615 lots.
Spot gold was down 0.2 percent at $1,277.24 per ounce by 0313 GMT, after touching its lowest since December 28 at $1,276.31 on Monday.
According to Angel Commodities, last week, Spot gold prices rose marginally by 0.3 percent while on the MCX prices rose by 1.1 percent.
At the Multi Commodity Exchange, gold for delivery in February rose by Rs 80, or 0.25 per cent, to Rs 32,171 per 10 gram in a business turnover of 674 lots.
Spot gold was trading up 0.1 percent at $1,282.31 per ounce by 0306 GMT, while US gold futures were steady at $1,282 per ounce.
According to Angel Commodities, on Wednesday, spot gold prices rose 0.33 percent to close at $1293.4 per ounce as support for the metal stemming from uncertainty over Brexit and a partial U.S. government shutdown was countered by a firmer U.S. dollar.
Spot gold was steady at $1,289.31 per ounce at 0251 GMT. US gold futures were also firm at $1,288.80 per ounce.
Gold is principally a hedge against inflation and a safe haven during times of turbulence in markets. Entering at current prices can give good returns in an uncertain 2019
Spot gold edged about 0.1 percent lower to $1,290.80 per ounce at 0401 GMT, while US gold futures were unchanged at $1,291.4 an ounce.
In the national capital, gold of 99.9 percent and 99.5 percent purities advanced by Rs 225 each to Rs 33,100 and Rs 32,950 per 10 gram, respectively.
Hindustan Copper is set to switch production from its open-cast mine to an underground mine, which would boost output.
At the Multi Commodity Exchange, gold for delivery in February was trading higher by Rs 167, or 0.52 per cent, to Rs 32,095 per 10 gram, in a business turnover of 12,675 lots.
According to Angel Commodities, last week, Spot Gold prices rose marginally by 0.3 percent to close at $1292.05 per tonne. While on the MCX prices rose 1.15% to close at Rs.32012 per 10gms.
Spot gold was up 0.3 percent at $1,291.42 per ounce, as of 0411 GMT.
Silver also dropped by Rs 600 to Rs 39,850 per kg due to reduced offtake by industrial units and coin makers.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters
The opportunity is in the form of buying sovereign gold bond (SGB) from the secondary market.
The changes are a win-win for both as temples will earn a tax-free dividend on their hoard while the government gets the gold it needs.
According to Angel Commodities, on Thursday, Spot gold prices declined by 0.51 percent to close at $ 1286.3. per tonne as investors cut off their shorts against U.S. Currencies.
Spot gold rose 0.4 percent to $1,290.84 per ounce as at 0310 GMT, heading for a fourth straight weekly gain.
US gold futures rose 0.1 percent to $1,293.20 per ounce.