Gold Price Today: Gold and silver futures open mixed on MCX ahead of US data. MCX Gold shows potential downside with support at Rs 71,700. Neha Qureshi recommends selling MCX gold at Rs 72,200 and silver at Rs 94,000.
Gold and silver prices at MCX showed high volatility ahead of U.S. GDP data. U.S. Fed member Kashkari s hawkish statements led to a surge in the dollar index and U.S. bond yields.
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Gold and silver futures ended with sharp declines in the previous session. While gold fell by over Rs 500 or 0.84%, silver futures fell by 2.05% or by Rs 1,545. On the Comex, Gold futures were trading at $1,949.20 per troy ounce on Friday, up by $3.50 or 0.54% while Silver futures trading at $24.285, lower by $0.082 or 0.340%.
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