Commodity Watch on Gold, Silver in Future Trade

Gold futures advances also, silver Futures at 3-year high in early trade on global cues. Gold prices surged 1% on Monday to a significant levels, following gains in overseas markets.

Domestic gold futures touched an all-time peak level of Rs.39,196 per 10 grams in early trade, taking their gains to about 25% in 2019, while rupee slipped to its lowest level in 2019 today after a sharp re-rise in the US-China trade worries affected investor confidence and darkened the global economic outlook.

Domestic silver futures were were also up 1% at Rs.45,058/kg, after rising to Rs.45,148 earlier in the day.

In the weekend Friday, gold prices rose Rs25 to reach a high of Rs.38,995/ per 10 gram in New Delhi keeping up its record-setting trend for the fourth day in a row amid a weaker rupee, as per reports.

In New Delhi, gold of 99.9% purity rose Rs 25 to Rs 38,995 per 10 gram, while Gold of 99.5% gained Rs 5 to Rs 38,825 per 10 gram. Silver ready held flat at 45100 per kg, while weekly-based delivery fall Rs.99 to Rs.43,666 per kg.

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