Gold Rate Today: Gold, silver slip in morning deals, fall over Rs 100 each

NEW DELHI: Precious metals gold and silver were trading in the negative territory in the morning deals on Friday.

MCX Gold futures were trading 0.33 per cent, or Rs 102 lower at Rs 31,150 per 10 grams at 10:48 am (IST), while MCX Silver futures were down 0.36 per cent, or Rs 140, at Rs 39,203 per 1 kg at the same time.

SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings stood at 871.20 tonnes, remain unchanged from the previous business day.

Holdings of the largest silver-backed exchange-traded-fund(ETF), New York’s iShares Silver Trust SLV, stood at 9856.67 tonnes, remain unchanged from the previous business day.

On the global front, gold prices languished near five-week lows, set for a weekly decline of more than 1 per cent on a stronger dollar, higher US Treasury yields and easing geopolitical concerns.