Gold Price Today Live Economic Times

Gold prices held steady on wednesday.

Gold price today live economic times. Price is expected to move inside the range of rs 67 850 64 700 with sideways trend. Meanwhile key support for feb future exists around rs 48 450 where 200 dema coincides with the 78 6 fibonacci retracement of the recent up move. Holdings of the world s largest gold backed exchange traded fund spdr gold trust fell 0 1 per cent to 1 172 38 tonnes on tuesday.

Does buying sovereign gold bonds make sense now. On the momentum front rsi is moving around 50 49 suggesting a sideways trend. Gold rate today live updates check gold price live on the economic times.

Nse gainer large cap. Mcx gold february futures witnessed decline towards the lower band of the consolidation range of rs 48 600 49 700. Spot gold was little changed at 1 849 76 per ounce.

Download the economic times news app to get daily market updates live business news. Bullion bullion prices traded higher on monday with spot gold prices at comex was trading up by 1 50 per cent to 1 922 per ounce while spot silver prices at comex rallied nearly 3 per cent to 27 05 per ounce as global markets returned from new year holidays. On the upside immediate resistance.

Meanwhile price is facing resistance of 21 day ema 49 650 which could be the key level for the day. As mentioned in our earlier views price needs to sustain above rs 49 650 49 700 zone to rise further towards rs 49 900. 02 37 fxstreet latest analysis.

Bullish breakout still in play. Only a decisive move out of the range rs 64 700 67 850 would decide the further direction. Us gold futures eased 0 1 per cent to 1 848 60.