Gold rate today: Gold, silver down in morning trade

Gold prices were trading lower in morning trade on Wednesday on account of lackluster demand for the yellow metal on fears that the US-China trade war could escalate. 
MCX Gold was down 0.04 percent at Rs 30,704 per 10 gram at around 10.15 am (IST). MCX Silver was trading 0.08 percent down at Rs 37,370 per 1 kg at around the same time. 

Date
Gold Spot Price 
Rs/10 grms (Ahmedabad) 


Gold Future Price 
Rs/10 grms 

12-09-2018
30605.0
30725.0
11-09-2018
30605.0
30715.0
10-09-2018
30402.0
30661.0 
07-09-2018
30402.0
30417.0
06-09-2018
30535.0
30662.0
05-09-2018
30274.0
30333.0
04-09-2018
30191.0
30248.0
03-09-2018
30226.0
30235.0
31-09-2018
30226.0
30311.0
30-09-2018
30099.0
30226.0
29-09-2018
30048.0
30100.0
28-09-2018
30097.0
30139.0
27-09-2018
29869.0
30006.0
24-09-2018
29561.0
29891.0
23-09-2018
29530.0
29613.0 

The trade conflict has prompted investors to buy the US dollar in the belief that the United States has less to lose from the dispute, making dollar-priced gold more expensive for non-US buyers, according to Reuters. 
Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.03 percent to 745.18 tonnes on Tuesday from Monday. 
Motilal OswalNSE -1.24 % Financial Services said, “MCX Gold remains bullish as long as price holds above Rs 30,380 and dip buying is advised. Immediate supports are placed at Rs 30,530-30,470, whereas resistance is placed at Rs 30,730-30820.” 
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