Gold rate today: Bullion steady as traders await trade deal clarity

London (Dec 18)  Bullion counters were steady in early trade on Wednesday as traders waited on the sidelines for more clarity on the US-China trade deal and on the prospects of a hard Brexit

MCX Gold (Feb) futures were up 0.06 per cent to Rs 37,961 per 10 gram, while MCX Silver (Mar) futures added 0.02 per cent at Rs 44,516 per kg.

Brokerage SMC Global said bullion counters may trade sideways to upwards. “Gold can recover towards Rs 38,050 while taking support near Rs 37,800 and silver can recover towards Rs 44,700 while taking support near Rs 44,300,” it said.

In the US market, gold prices were largely subdued, while palladium retreated from last session's record peak.

ETmarkets