Stay updated with breaking news from September Silver. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The MCX October gold futures were trading up by Rs 30 or 0.05% from the Tuesday closing price at Rs 59,296 per 10 gram on the MCX while the September Silver futures were trading at Rs 76,293 per kg, lower by Rs 147 or 0.19%.
Markets are now awaiting a slew of economic readings from the world’s largest economy this week
On the Comex, Gold futures were trading at $1,949.90 per troy ounce on Tuesday, up by $3.10 or 0.16% while Silver futures were trading at $24.255, higher by $0.003 or 0.010%.
On the daily technical charts, the October Gold futures have fallen below their upward trend line support at Rs 58,945, indicating a pessimistic outlook, she informed, adding that there has been a recovery in gold prices from the critical support level of Rs 58,275.
Gold has risen about 1.3% so far in the week, which could be its first week of gains this month, as prices climbed to their highest since August 10 on Thursday after a retreat in US Treasury yields