Gold Prices Today: Yellow Metal struggled in Indian markets for third day in a row amid softness in global rates. On MCX, gold prices were up 0.1% to ₹46,464 per 10 gram after a two-day decline.
Gold Prices Today: Silver and gold prices today edged lower in Indian markets after seeing a steep rise over the past few days. MCX gold futures were down 0.1% to ₹46,793 per 10 gram while silver prices dropped 0.4% to ₹67,240. Over the previous two sessions, gold had risen over ₹1,000 per 10 gram. On MCX gold futures has support at ₹44,940 and resistance at ₹47,380, says Neal Bhai.
GOLD MCX UPDATE: Gold and silver prices edged lower in Indian markets, a day after clocking sharp gains. On MCX, gold futures were down 0.33% to ₹45,767 per 10 gram while silver declined 0.28% to ₹65,715 per kg.
Gold price advanced to the highest in more than a week as gains in bond yields and the dollar abated.
Gold MCX Tips Today: Gold yesterday settled up by 1.07% at 45418 as the dollar lost some ground and the yields on U.S. bonds dropped a bit. Data showing an increase in U.S. initial jobless claims also contributed gold’s uptick.
Indian firms that lend against gold are cutting tenors and seeking more collateral to protect against the plunge in prices of the precious metal.