Gold and silver are showing weakness on strength in bitcoin and profit-taking in the US equity markets, say experts. Gold may find support near Rs 47,200.
Gold price today: Yellow metal trades below Rs 48,000; Silver Futures down nearly 1%
Gold may witness choppy trade amid lack of fresh cues however there is a possibility of correction if US dollar manages to recover, suggest experts. February 11, 2021 / 10:03 AM IST
India Gold MCX April Futures trade lower below Rs 48,000 on February 11 tracking muted trend seen in the international spot prices. Silver March Futures were down by nearly 1 percent.
On the Multi-Commodity Exchange (MCX), April gold contracts were trading lower by 0.3 percent at Rs 47,864 for 10 grams at 0920 hours. March silver futures were trading 0.95 percent lower at Rs 68,271 a kilogram.
Gold and silver prices showed mixed trends on February 10 in the international markets. Gold April futures contract settled on a slightly positive note at $1,842.70 per troy ounce while Silver March futures contract settled on a weaker note at $27.08 per troy ounce.
Experts suggest buying the dip in the domestic precious metal prices. Any dip towards Rs 47,580 should be used to go long for the target of Rs 49,100 per 10 gm.
Gold price today: Yellow metal gains strength, Silver March Futures up nearly 2%
Gold may continue to witness mixed trade unless there is clarity on the US dollar trend however we expect price to trade with a positive bias on US stimulus expectations and loose monetary policy stance of central banks, suggest experts. February 03, 2021 / 10:06 AM IST
India Gold April Futures rose above Rs 48,000 per 10 gm on February 3, tracking a positive trend seen in the international spot prices. The March Silver Futures rose nearly 2 percent.
On the Multi-Commodity Exchange (MCX), April contracts were trading higher by 0.42 percent at Rs 48,024 for 10 grams at 0920 hours. Silver March futures were trading 1.8 percent higher at Rs 68,770 a kilogram.
Gold price today: Yellow metal trades lower; silver March futures down over 2%
Domestic gold prices have become cheaper due to duty cut however general price trend will be determined by international markets. February 02, 2021 / 11:21 AM IST
India Gold MCX April futures are trading lower on February 2 tracking muted trends seen in the international spot prices. Silver March Futures were down more than 2 percent. On the Multi-Commodity Exchange (MCX), April contracts were trading lower by 0.60 percent at Rs 48,430 for 10 grams at 0920 hours. Silver March futures were trading 2.2 percent lower at Rs 72,032 a kilogram.
Gold and silver prices gained in the international markets on Monday. Gold April futures contract settled at $1863.90 per troy ounce and Silver March futures contract settled at $29.42 per troy ounce.