Gold Price Today: Updates on Gold and Silver Market Trends
Current Gold and Silver Prices
Gold prices fell on Monday, weighed down by a stronger US dollar and profit-taking, as investors awaited key US economic data to gauge the Federal Reserve's next steps.
- Gold Futures: Rs 76,344 per 10 grams on the MCX, down by Rs 784 or 1.02%.
- Silver Futures: Rs 90,225 per kg, down by Rs 1,009 or 1.11%.
Market Influencers
Spot gold declined by 0.7% to $2,636.38 per ounce, with U.S. gold futures edging 0.8% lower. The dollar index strengthened by 0.5%, making bullion more expensive for holders of other currencies.
Support and Resistance Levels
- Gold has support levels at $2,622-$2,610 and resistance at $2,650-$2,664.
- For silver, support at $30.15-$29.90, with resistance at $30.60-$30.75.
In INR terms, gold's support lies at ₹76,180-₹75,950, and resistance between ₹76,570-₹76,840. Silver has support at ₹88,150-₹87,550, with resistance reaching ₹89,450-₹90,080. Rahul Kalantri, VP Commodities, Mehta Equities, provided these insights.
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