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Gold Rate Today: Gold futures suffer strong losses on rally in equities

NEW DELHI: Gold suffered a strong fall in futures trade on M..

NEW DELHI: Gold suffered a strong fall in futures trade on Monday, hit by a rally in equities and rupee's rise against the dollar.

Weak global sentiment and a fall in demand by jewellers at local markets also dented gold prices.

Gold fell more than 1 per cent in global markets to its lowest in more than a week as the dollar strengthened and investors opted for riskier assets after the United States and China agreed to restart trade talks, Reuters reported.

Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.22 per cent on Friday.

Silver also declined after demand by industrial units and coin makers fell.

Around 11:10 am, the MCX Gold traded at Rs 33,730 per 10 grams, down Rs Read More – Source
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