Gold Technical Price Outlook – Below $1767 Target $1720——$1697, Sell on Rise – Neal Bhai
Global coronavirus cases surpassed 5 million on Wednesday, with Latin America overtaking the United States and Europe in the past week to report the largest portion of new daily cases globally, it said.
On the Multi Commodity Exchange (MCX), June gold contracts were trading lower by 0.44 percent at Rs 46,925 per 10 gram at 09:20 hours. Silver futures were trading 1.5 percent lower at Rs 48,300 per kg.
If gold price sustains above $1,767 per troy ounce/Rs 47550, then the rally could extend towards $1,790-1805 per troy ounce /48,500-48,700 levels,
