Mcx Gold Price Today Economic Times

For the day price is likely to move in the broad range of rs 48 900 49 650 with sideways bias.

Mcx gold price today economic times. Gold prices were steady on friday. Gold prices are expected to trade in the current range with sideways to downtrend for the day. Mcx silver march futures on the daily charts has formed an indecisive doji candlestick pattern suggesting an unclear price trend.

Comex gold has important resistance at 1 876 per ounce and support at 1 848 per ounce. Gold prices held steady on wednesday. Gold futures prices in the.

Price is likely to continue in the broader trading range of rs 48 450 49 450 with sideways bias. Gold prices rose on tuesday off a 1 1 2 month low hit in the previous session as the dollar slipped and hopes for further global stimulus underpinned the safe haven metal. Silver also declined rs 2 943 to rs 73 600 per kg.

Gold rate today rises ahead of union budget news. Cookies on the economic times website. Gold prices in the national capital declined rs 1 317 to rs 54 763 per 10 grams on tuesday in line with a drop in international prices of the precious metal and a rupee appreciation according to hdfc securities.

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. Spot gold was unchanged at 1 840 91 per ounce by 0058 gmt. Buy mcx gold feb at rs 49 100 with a target of rs 49 700 and a stop loss at rs 48 800.

Prices were down 0 6 per cent for the week and 2 9 per cent for the month. Spot gold was little changed at 1 849 76 per ounce. On the momentum front rsi of mcx gold is trading below 50 39 suggesting sideways to weaker trend.