Gold Price Forecast: Keep Eyes on $1,707 and $1,692

Gold MCX Yesterday Hit 1st Target 55400, Above 54900 Target 2nd 56500

Gold MCX Yesterday Hit 1st Target 55400, Above 54900 Target 2nd 56500

Gold and silver prices moved higher today in Indian markets amid a global rally. On MCX, gold futures hit a new high of ₹55,390 per 10 gram after it rose 1.35%. Silver futures surged 4% to ₹72,654 per kg. In the previous session, gold futures on MCX had rallied about ₹900 or 1.7%, hitting ₹54,612 at intra-day high. Silver had surged ₹4200 or 6.4% in the previous session.

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