Gold

Understanding Key Price Levels for MCX Gold, Is gold expected to cross Rs 99,500?

Gold trading on the Multi Commodity Exchange (MCX) can be exciting but tricky. To make smarter trading decisions, it’s important to know the key price levels that could signal where gold prices might head next. Right now, two critical levels for MCX Gold are ₹99,500 (upward) and ₹96,000 (downward). These levels could determine whether the current price pattern continues or changes.

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The easing in the US-China trade war has put pressure on the price of gold denominated in US dollars.

Gold MCX Trading Levels 28690 to 29245

Gold Silver Reports ~ Gold on MCX settled down -0.65% at 28941 dropped tracking weakness from Comex Gold while unable to challenge a recent 13-month high near $1280 as traders booked profits after gains from last week’s dovish interest rate announcement by the Fed. The dollar arrested three weeks of declines after hawkish comments from US Fed officials renewed expectations of US interest rate hikes.

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