Gold price today: Yellow metal slips buts holds above Rs 50,000; deploy buy on dips
Experts are of the view that both the precious metal could remain volatile, but dips, if any in Gold, could be used to buy for a target of Rs 50,300 while a stop loss can be placed at Rs 49,550 per 10 gm. December 23, 2020 / 10:17 AM IST
India Gold February futures slipped in trade on December 23 tracking a muted trend seen in the international spot prices.
On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.06 percent at Rs 50,050 per 10 gram at 0920 hours. March silver was trading 0.03 percent higher at Rs 66,891 per kilogram.
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Gold price today: Yellow metal trades higher, silver up nearly 3%
Experts are of the view that gold and silver prices are likely to remain firm and investors should use the dips to buy into the precious metals. Gold has support at Rs 50,100, while resistance is placed at Rs 50,800.
gold
Gold was trading higher in India on December 21, tracking a positive trend seen in international spot prices as investors cheered news that a US fiscal stimulus deal was within reach. Silver, too, was up about 3 percent.
On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher by 0.73 percent at Rs 50,670 per 10 gram at 0920 hours. March silver was trading 2.85 percent higher at Rs 69,842 per kilogram.
Gold price today: Yellow metal trades flat but above Rs 50,000; buy on dips
Gold is likely to remain volatile and any decline should be used as a buying opportunity. Gold has support at Rs 50,050, while resistance is placed at Rs 50,920, experts say. December 18, 2020 / 10:28 AM IST
Gold was trading a tad lower in Indian markets on December 18, tracking the muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.24 percent at Rs 50,270 per 10 gram at 0920 hours. March silver was trading 0.58 percent lower at Rs 67,873 per kilogram.
Experts say gold is likely to remain volatile and declines can be used as a buying opportunity. The metal has support at Rs 50,050, while resistance is at Rs 50,920.
Gold price today: Yellow metal trades with positive bias, may retest Rs 50,000
Experts are of the view that investors should use dips to buy into precious metals as gold could retest Rs 50,000 in the near term.
gold
Gold was trading higher in Indian markets on December 17, supported by a weaker dollar, the Federal Reserve keeping the interest rates low and US stimulus talks gaining pace.
On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher by 0.37 percent at Rs 49,782 per 10 gram at 0920 hours. March silver was trading 1.1 percent higher at Rs 66,665 a kilogram.
Experts are of the view that investors should use dips to buy into precious metals as gold could retest Rs 50,000 per 10 gm in the near term.