Commodity Market Updates-Gold Rate Today: Gold, silver prices fall in morning trade

Precious metals gold and silver were trading in the negative territory on Tuesday.

MCX Gold futures were trading 0.55 per cent, or Rs 171, down at Rs 30760 per 10 grams at 11:15 am (IST), while MCX Silver futures were trading 0.67 per cent, or Rs 262 lower at Rs 38,768 per 1 kg at the same time.

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SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings stood at 852.31 up 6.19 tonnes, from previous business day.

Holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 9922.39 tonnes, remain unchanged from previous business day.

On the global front, prices of yellow metal rose slightly in early Asian trade after a more than 1 per cent gain in the previous session, as mounting global trade tensions fuelled demand for the safe-haven bullion.

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