Gold MCX Yesterday Hit 1st Target 55400, Above 54900 Target 2nd 56500

India gold demand

Gold MCX Yesterday Hit 1st Target 55400, Above 54900 Target 2nd 56500

Gold and silver prices moved higher today in Indian markets amid a global rally. On MCX, gold futures hit a new high of ₹55,390 per 10 gram after it rose 1.35%. Silver futures surged 4% to ₹72,654 per kg. In the previous session, gold futures on MCX had rallied about ₹900 or 1.7%, hitting ₹54,612 at intra-day high. Silver had surged ₹4200 or 6.4% in the previous session.

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Gold prices today fall for second day, silver rates decline

Gold prices today – Gold is likely to see some selling pressure at higher levels, says SMC Global. Gold can dip lower towards ₹40,200 while facing resistance near ₹40,600 while silver can dip towards ₹45,500 while taking resistance near ₹46,000, the brokerage said in a note.

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