Taking cues from the international market, MCX February gold futures were trading with a negative bias in the opening trade. They were hovering around Rs 62,358 per 10 grams around 11 am, down Rs 199 or 0.32% from Friday s closing price. Meanwhile, the March Silver futures were trading at Rs 72,285 per kg, down Rs 302 or 0.42%.
Analyst Anuj Gupta, Commodity & Currency Head at HDFC Securities sees Comex gold trading between $2,030 to $2,050 today with a positive bias and MCX gold within Rs 62,000 - Rs 63,000 range. As for silver, March contracts are likely to trade between Rs 71,500 and Rs 73,500, Gupta said.
Analyst Anuj Gupta sees Comex gold trading between $2,060 and $2,080 with a positive bias while the MCX February contract is seen trading between Rs 62,800 and Rs 63,800. As for silver, the Commodity & Currency Head at HDFC Securities expects March futures to trade between Rs 73,500 and Rs 75,500 with the trend remaining positive.
MCX February gold futures were trading at Rs 63,225 per 10 grams, minutes after opening, up Rs 22 or 0.03% from Friday s closing price. Meanwhile, the March Silver futures were trading at Rs 74,260 per kg, lower by Rs 170 or 23%.