Saturday, July 05, 2025 | 04:59 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

MCX Gold likely to re-test Rs 58,000; Silver may drop to Rs 63,500

The MCX Gold futures are likely to find considerable support around Rs 56,235 level; the bias may turn cautious only on sustained trade below the same.

Photo: Unsplash/Jingming Pan
premium

Photo: Unsplash/Jingming Pan

Rex Cano Mumbai
The MCX Gold and Silver futures seem to be placed on a divergent path currently following last week sharp fall. While Gold futures seem likely to retest the highs around Rs 58,000-mark, Silver futures are likely to extend losses in the coming trading sessions, indicate charts.

Gold
Bias: Positive
Last Close: Rs 56,560
Support: Rs 56,235
Resistance: Rs 57,730; Rs 58,100

The MCX Gold futures witnessed a severe fall in the last two days, partly on account of profit-taking in sync with global prices, and the F&O expiry. Gold futures dropped over 3.5 per cent in just two sessions, after hitting new life-time high at Rs