MCX Gold Silver Price Forecast: Trade With 500—1000 Lots

Silver price today: Silver Rises

We expect gold silver prices to trade sideways. Bullion under buy on dips this week with COMEX spot gold resistance at $1755 per ounce and support at $1692 per ounce. At MCX, Gold October prices have near term resistance at Rs. 51300 per 10 grams and support at Rs. 49900 per 10 gram. COMEX Spot silver has near term resistance at $19.50 per ounce with support at $18 per ounce. MCX Silver December has important resistance at Rs. 57180 per kg and support at Rs. 53100 per kg

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MCX Gold Price to Trade Sideways, Trading Zone 49900 To 51300

Gold Price Prediction

MCX Gold Price to Trade Sideways: MCX Bullion prices ended higher, reporting the first weekly gain in the last four weeks supported by dollar decline and safe haven buying. The traders and investors weighed on the dollar dragging down from 20 year highs over inflation worries and slowdown fears.

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