On the Comex, gold futures were trading at $2,049.20 per troy ounce, up by $1.30 or 0.06%, while silver futures were hovering at $22.670 per troy ounce, up by $0.034 or 0.150%.
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.
The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.
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.
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