Taking cues from the global price trends, the MCX April gold futures were trading at 62443 per 10 grams at 9:20 am, down by Rs 81 or 0.13%, the March Silver contracts were down by Rs 186 or 0.26% at Rs 70,125 per kg.
Taking cues from the global price trends, the MCX April gold futures were trading at 62,504 per 10 grams at 9:20 am, down Rs 70 or 0.11%, the March Silver contracts were down by Rs 179 or 0.25% at Rs 70,415 per kg.
Taking cues from the global price trends, the MCX April gold futures were trading at 62,258 per 10 grams at 9:10 am, down Rs 58 or 0.09%, and the March Silver contracts were down Rs 45 or 0.06% at Rs 70,435 per kg.
While the MCX April gold futures were trading at 62,900 per 10 grams at 10:30 am, down Rs 65, the March Silver contracts were down Rs 53 or 0.07% at Rs 72,165 per kg.
On the daily chart, MCX April Gold futures have given a breakout of its descending channel forming higher high and higher low while the MACD has given a positive crossover indicating bullish sentiments. Moreover, the 21-day EMA 21 and the 50-day EMA suggest a bullish outlook and RSI is forming a higher high and higher low pattern which adds to her bearish outlook.