The MCX Gold December futures seem headed towards the 100-WMA (Weekly Moving Average) which stands at Rs 54,150 level; below which the next target shall be the 200-WMA.
The MCX Gold June futures could dip to Rs 58,300 or lower, in case the support at Rs 59,750 gets violated; Pivot point for Silver is Rs 74,850.
MCX Gold is likely to trade with a bullish bias this April as long as prices sustain above Rs 59,800; Pivot point for Silver is Rs 73,800.
The MCX Gold futures may seek support around Rs 50,075 this week, whereas Silver futures if sustain above Rs 58,150, can potentially rally towards Rs 60,870-level.
The upside for MCX Gold October futures is seen capped around Rs 51,100-level for now. On the other hand, Silver futures may consolidate following the near 5 per cent rally last week.
The MCX Silver July futures are currently trading below all its key moving averages; similarly, MCX Gold futures need to break above Rs 51,870 for further up move to emerge.
The MCX Gold futures may seek near support around Rs 52,040; whereas Silver futures have multiple key support around Rs 65,235 and Rs 64,600.
In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,250 from Rs 51,700 per 10 gram in the previous trade while price of 24-carat was at Rs 54,870
In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,200 from Rs 51,850 per 10 gram in the previous trade while price of 24-carat was at Rs 55,850, down by over Rs 700
In New Delhi, prices of 22-carat gold rose sharply to Rs 51,850 from Rs 51,150 per 10 gram in the previous trade while prices of 24-carat was at Rs 56,560, up by over Rs 1,000
In New Delhi, prices of 22-carat gold remain steady at Rs 51,150 per 10 gram while prices of 24-carat was at Rs 55,090
In New Delhi, prices of 22-carat gold jumped significantly to Rs 51,150 per 10 gram from previous close of Rs 50,250 while prices of 24-carat also climbed to Rs 55,900
In New Delhi, prices of 22-carat gold slumped Rs 3,200 to Rs 50,250 per 10 gram while prices of 24-carat also dropped to Rs 54,500
In New Delhi, prices of 22-carat gold slumped Rs 650 to Rs 53,450 per 10 gram while prices of 24-carat also dropped to Rs 54,750
In New Delhi, the price of 22-carat gold rises to Rs 51,250 per 10 gram
In New Delhi, the price of 22-carat gold rises to Rs 49,000 per 10 gram
In New Delhi, the price of 22-carat gold rose to Rs 47,900 per 10 gram
The price of 22-carat gold inched upwards to Rs 47,910 per 10 gram in New Delhi
Price of 22-carat gold in New Delhi at Rs 47,950 per 10 gram
In New Delhi, the price of 22-carat gold rose to Rs 47,750 per 10 gram