On the downside, the Rs 56,235-level is the key support for Gold futures, below which a prolonged consolidation phase seems likely.
The price of 22-carat gold was down by Rs 500 from yesterday's close to Rs 53,100 per 10 grams
The price of 22-carat gold also remained unchanged from yesterday's closeand it was trading at Rs 52,650
The price of 22-carat gold was trading at Rs 52,650
The price of 22-carat gold also increased by Rs 400 per 10 grams from yesterday's close
The overall bias for Gold prices likely to remain bullish as long as Gold sustains above the Rs 55,700 - Rs 55,400 support zone. This week, Silver prices may look to retest the Rs 70,000-mark.
22-carat gold continued trading at yesterday's close of Rs 52,000
22-carat gold continued trading at yesterday's close at Rs 52,200
The price of 22-carat gold rose Rs 190 from yesterday's close to Rs 52,200
The overall bias for Gold remains bullish, with near support seen at Rs 55,900 level. The Bollinger Bands indicate a likely trading range of Rs 2,000-odd points for the MCX Silver March futures.
In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold was selling at Rs 51,600 and Rs 56,290, respectively
The price of 22-carat gold fell Rs 150 from yesterday's close to Rs 51,300
The price of 22-carat gold fell Rs 150 from yesterday's close to Rs 51,450
22-carat gold was selling at Rs 51,600 per 10 grams
22-carat gold was selling at Rs 51,300 per 10 grams
The price of 22-carat gold rose by Rs 200 from yesterday's to Rs 51,300
Gold had hit record highs of Rs 55,901 in August 2020. The yellow metal had closed at Rs 54,942 per 10 gram in the previous trade
On the upside, Gold futures need to break and sustain above Rs 55,230 in order to negate the likely corrective move. Meanwhile, Silver futures seem on course to test Rs 72,000.
Ten gram of 22-carat gold is selling at Rs 50,050
On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.