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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.
Gold price today: Yellow metal trades below Rs 48,000; Silver Futures down nearly 1%
Gold may witness choppy trade amid lack of fresh cues however there is a possibility of correction if US dollar manages to recover, suggest experts. February 11, 2021 / 10:03 AM IST
India Gold MCX April Futures trade lower below Rs 48,000 on February 11 tracking muted trend seen in the international spot prices. Silver March Futures were down by nearly 1 percent.
On the Multi-Commodity Exchange (MCX), April gold contracts were trading lower by 0.3 percent at Rs 47,864 for 10 grams at 0920 hours. March silver futures were trading 0.95 percent lower at Rs 68,271 a kilogram.
Gold and silver prices showed mixed trends on February 10 in the international markets. Gold April futures contract settled on a slightly positive note at $1,842.70 per troy ounce while Silver March futures contract settled on a weaker note at $27.08 per troy ounce.