The bias for MCX Gold August futures is likely to remain bullish as long as the commodity sustains above Rs 51,600, below which prices can dip to Rs 51,300 to Rs 51,200.
The price of ten gram of 24-carat gold in Delhi, Kolkata, and Bangalore is Rs 52,010
Meanwhile, silver is trading at Rs 60,900 per kg in Delhi, Mumbai and Kolkata. In Chennai, one kg of silver is currently trading at Rs 66,300
Silver also witnessed a rise in the prices.1 kg of silver is trading at Rs 61,150, after a jump of Rs 1,150.
Silver was down by Rs 500 in today's opening trade, selling at Rs 61,500 per kg
Silver was down by Rs 1,200 in Saturday's opening trade
Gold price on Friday increased by Rs 250 from the previous day's close, with 10 gram of 24-carat gold trading at Rs 52,310
Gold on Wednesday opened Rs 10 down from previous day's closing rate with 10 gram of 24-carat of the precious metal trading at Rs 51,920
10 gram of 24-carat of gold is trading at Rs 52,210, while 22-carat gold is selling at Rs 47,860
The Rs 50,975-level is the pivot point for MCX Gold futures this week; Silver futures may trade in a broad range of Rs 60,165 to Rs 63,175 this week.
The upside for MCX Gold June futures seem capped around Rs 51,400-level, while support is seen around Rs 50,670; Silver futures may consolidate in a broad range of Rs 58,480 to Rs 63,885.
The rates of gold and silver remained unchanged today
The price of 10 gram of 24 carat gold today rose by Rs 110 to Rs 52,090
The price of 10 gram of 24 carat gold on Friday went down by Rs 270 to trade at Rs 51,980
The MCX Natural Gas futures may test Rs 704 as indicated on the daily charts; the bias for the remainder of the week is likely to remain bullish as long as Natural Gas sustains above Rs 673.
The price of gold went up by Rs 600 per 10 gram from the previous day's rate
The rate of silver on Tuesday increased by Rs 700 per kg, with the metal trading at Rs 62,100.
The upside for MCX Gold June futures seem capped around Rs 51,500-odd level; while MCX Silver futures are likely to face strong resistance in the Rs 64,200 - 64,800 range.
The rate of gold and silver remained unchanged on Monday
The rate of 1 kg of silver went down by Rs 3,300 to trade at Rs 61,700 on Saturday