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Gold support and resistance Key for today: Gold prices pulled back nearly $20 from 7-week highs of $1790 on Wednesday, finishing the day slightly in the red. The rebound in the US Treasury yields triggered the correction in the metal. Bear cross on 1H chart and RSI below 50.00 point to the downside.
Read moreGold Support Key $1760—$1755, Bearish Technicals
USD/INR Price News: Rupee trims gains below 75.00 even as India’s covid cases ease
Read moreUSD/INR Price: Rupee gains below 75.00 even as India’s covid cases ease
Gold Prices Today: Gold prices in India slipped today amid softer global rates. On MCX gold futures were marginally lower at ₹47,380 per 10 gram while silver futures edged 0.45% higher to ₹68,635 per kg. In the previous session, gold had hit a two-month high when it rose to ₹47,850 per 10 gram.
Read moreGold Prices Today Slip, After Kissing 2-month high, Silver Rates Rise
Crude oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.
Read moreCrude Oil edges higher on weaker dollar, demand optimism
MCX Gold Price Target: Gold price Friday settled up by 0.38% at 47353 gaining in strength thanks to another drop in bond yields and a weaker dollar.
Read moreMCX Gold Price Target; Gold High 47832 – Neal Bhai Reports
MCX Silver Price Target: Silver yesterday settled up by 0.21% at 68684 as retreating U.S. Treasury yields and a softer dollar bolstered the metal’s appeal.
Read moreMCX Silver Price Target; Enjoy or Not High 68104 – Neal Bhai Reports