Commodity Trading Strategies: Commodity prices traded on a mixed note on Thursday, as bullion prices traded steady on pandemic worries while crude oil prices declined on demand growth worries and inventory build. Base metals complex traded on a weak note as they pared gains from the previous session. Here is a look at how different commodities are behaving in today’s market.
Gold Prices Today Silp, After Kissing 2-Month High, Silver Rates Drop
Gold Prices Today: Gold and silver prices edged lower today in Indian markets after the recent surge. On MCX gold futures were down 0.07% to ₹48,195 per 10 gram while silver slipped 0.04% to ₹70,310.
Gold Support Key $1760—$1755, Bearish Technicals
Gold support and resistance Key for today: Gold prices pulled back nearly $20 from 7-week highs of $1790 on Wednesday, finishing the day slightly in the red. The rebound in the US Treasury yields triggered the correction in the metal. Bear cross on 1H chart and RSI below 50.00 point to the downside.
Gold Prices Today Slip, After Kissing 2-month high, Silver Rates Rise
Gold Prices Today: Gold prices in India slipped today amid softer global rates. On MCX gold futures were marginally lower at ₹47,380 per 10 gram while silver futures edged 0.45% higher to ₹68,635 per kg. In the previous session, gold had hit a two-month high when it rose to ₹47,850 per 10 gram.
MCX Silver Price Target; Enjoy or Not High 68104 – Neal Bhai Reports
MCX Silver Price Target: Silver yesterday settled up by 0.21% at 68684 as retreating U.S. Treasury yields and a softer dollar bolstered the metal’s appeal.