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Gold price today: Yellow metal trades lower, experts say buy on dips for target of Rs 48,000

Gold price today: Yellow metal trades lower, experts say buy on dips for target of Rs 48,000 Kshitij Anand © Arun Sreenivasan Gold price today: Yellow metal trades lower, experts say buy on dips for target of Rs 48,000 Gold was trading lower in the Indian market on May 12 following muted trends in international spot prices as a rise in the US treasury yields and a firmer dollar dented the metal s safe-haven appeal. On the Multi-Commodity Exchange (MCX), June gold contracts were trading lower by 0.65 percent at Rs 47,640 for 10 grams at 0935 hours. July silver futures were trading 0.47 percent higher at Rs 71,882 a kilogram.

Gold price today: Yellow metal trades flat; buy on dips for a target of Rs 47,700: Experts

Gold price today: Yellow metal trades flat; buy on dips for a target of Rs 47,700: Experts Kshitij Anand © Kshitij Anand Gold price today: Yellow metal trades flat; buy on dips for a target of Rs 47,700: Experts India Gold June Futures trades flat with a negative bias on Friday tracking muted trend seen in the international spot prices. Experts suggest buying the dip for a target of Rs 47,700. On the Multi-Commodity Exchange (MCX), June gold contracts were trading lower by 0.12 percent at Rs 47,117 for 10 grams at 0935 hours. May silver futures were trading 0.27 percent lower at Rs 68,354 a kilogram. Gold and silver prices gained on Thursday despite upbeat U.S. retail sales data and a decline in the unemployment claims. The yellow metal surpassed the crucial resistance of $1750 and reached a six-week high in the international market amid U.S. sanctions on Russia, and a decline in the US Dollar index.

Gold Price Today: Yellow Metal Trades Higher, Rs 47000 Crucial Support

Gold price today: Yellow metal trades higher, Rs 47000 crucial support Experts are of the view that precious metals may remain choppy but the general bias would be on the upside amid weak dollar. February 16, 2021 / 10:12 AM IST India Gold MCX April Futures are trading in the green on February 16 following positive trend seen in the international spot prices. Silver March Futures were trading higher by nearly 1 percent. On the Multi-Commodity Exchange (MCX), April gold contracts were trading higher by 0.37 percent at Rs 47,418 for 10 grams at 0920 hours. March silver futures were trading 0.85 percent higher at Rs 70,728 a kilogram. Experts are of the view that precious metals may remain choppy but the general bias would be on the upside amid weak dollar. Crucial support for the precious metal is placed at Rs 47000.

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