Gold Rate Today: Gold flat, silver trades higher in morning trade

NEW DELHI: Precious metals gold and silver were trading mixed in the morning trade on Friday.

MCX Gold futures were trading 0.01 per cent, or Rs 4 lower at Rs 30,612 per 10 grams at 11:18 am (IST), while MCX Silver futures were up 0.07 per cent, or Rs 28, at Rs 39,582 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 824.63 down 4.13 tonnes, from the previous business day.

Holdings of the largest silver-backed exchange-traded-fund(ETF), New York’s iShares Silver Trust SLV, stood at 9933.22 up 90.74 tonnes, from the previous business day.

Nirmal Bang Securities in its report says, “Precious metals are trading rangebound on COMEX today. We expect prices to trade range-bound for the day, after hitting a 6-month low the session before, with the dollar retreating from an 11-month peak.”

On the global front, gold prices inched up.