The MCX Gold futures may test its support at the 200-DMA placed at Rs 49,750, while Silver futures may dip towards the 200-WMA placed at Rs 53,900-odd level.
Silver prices too suffered losses in trade. 1 kg of silver is currently trading at Rs 55,000 after witnessing a fall of Rs 2,000 as compared to previous day's rate
Gold became dearer by Rs 210 in Friday's early trade as 10 gram of 24-carat of yellow metal is currently trading at Rs 51,160
The rate of silver went up by Rs 5,300 per kg from the previous day's closing price, selling at Rs 62,500 on Wednesday
In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 51,210
The MCX Gold futures need to cross and sustain above Rs 51,350 to regain upward momentum; Silver futures has near support at Rs 56,100.
Silver prices also remain unchanged with one kg of precious metal trading at Rs 57,000
Silver is selling at Rs 57,000 per kg today
Kalyan Jewellers on Thursday said it witnessed continued momentum in both footfall and revenue across all our markets in India and the Middle East in the first quarter of this financial year.
Silver, on the other hand, is also witnessing a losing streak as the precious metal falls Rs 2,000. One kg of silver is currently selling at Rs 56,900
Gold and silver prices remain unchanged in Tuesday's early trade as 10 gram of 24-carat of the yellow metal is selling at Rs 52,340
In Chennai, 10 gram of 24-carat and 22-carat gold is trading at Rs 52,280 and Rs 47,920 respectively
Meanwhile, silver prices also rise by Rs 400 per kg, with the precious metal trading at Rs 59,000
Silver, unchanged on Monday, is trading at Rs 59,800 per kg
The prices of silver went down by Rs 300 with the precious metal trading at Rs 60,200 per kg
Gold prices inched higher in today's early trade from the previous day's price by Rs 100, with 10 gram of yellow metal (24-carat) selling at Rs 52,080
The bias for MCX Gold August futures is likely to remain bullish as long as the commodity sustains above Rs 51,600, below which prices can dip to Rs 51,300 to Rs 51,200.
The price of ten gram of 24-carat gold in Delhi, Kolkata, and Bangalore is Rs 52,010
Meanwhile, silver is trading at Rs 60,900 per kg in Delhi, Mumbai and Kolkata. In Chennai, one kg of silver is currently trading at Rs 66,300
Silver also witnessed a rise in the prices.1 kg of silver is trading at Rs 61,150, after a jump of Rs 1,150.