Domestic spot gold opened at Rs 46,767 per 10 grams on Wednesday, and silver at Rs 69,030 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
What analysts say: MCX Gold June trading with negative momentum in the evening session. Downside support for the metal is 46700. Resistance for the metal is 47,500, said Kshitij Purohit, Product Manager, Currency & Commodities, CapitalVia Global Research Limited.
Promoted MCX Silver has showed a negative movement and trade below 70700 levels. Silver markets initially pulled back during the course of the trading session on Tuesday but then turned around to break much higher, added Mr Purohit.