Gold trades flat at Rs 86,070 per 10 gm

Gold remained level astatine its all-time precocious terms of Rs 86,070 per 10 grams successful the nationalist capital connected Friday, according to the All India Sarafa Association. On Thursday, the precious metallic of 99.9 per cent purity continued its record-setting inclination for the sixth consecutive session, climbing Rs 270 to deed a caller beingness precocious of Rs 86,070 per 10 grams.

Gold of 99.5 per cent purity traded level astatine Rs 85,670 per 10 grams connected Friday.

Meanwhile, metallic prices besides ruled level astatine Rs 96,500 per kg for the 2nd consecutive session.

The precious metal, however, roseate successful futures commercialized connected the Multi Commodity Exchange (MCX).

The April declaration of golden jumped Rs 249 to Rs 84,693 per 10 grams connected the MCX, to commercialized adjacent its grounds high. It had deed a caller highest of Rs 84,894 per 10 grams connected Wednesday connected the commodities bourse.

"Gold traded positive. Market participants stay focused connected the upcoming US non-farm payroll and unemployment data, which volition supply cardinal insights into the economical outlook and the Federal Reserve's aboriginal argumentation stance, Jateen Trivedi, VP Research Analyst -- Commodity and Currency astatine LKP Securities, said.

Silver futures for March transportation accrued Rs 105 to Rs 95,693 per kg connected the MCX.

In the overseas markets, Comex golden futures for April transportation accrued USD 13.90 per ounce, oregon 0.48 per cent, to USD 2,890.60 per ounce.

"Gold is seen hovering astir its all-time high, up of the US NFP (non-farm payroll) information owed aboriginal successful the time and flimsy betterment successful the dollar index.

"However, the underlying momentum ...