On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
In the US, spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). U.S. gold futures for June delivery settled 0.9% higher at $2,331.2 per ounce.
Nifty 50 closed lower due to state-run banks, while S&P BSE Sensex closed slightly higher. Analysts suggest selling if Nifty breaches 22348 or rises to 22570-22620. US markets rose on Fed rate cut hopes.
India Business News: NEW DELHI: Gold and silver prices soared to fresh record high levels on Friday with the yellow metal breaching Rs 74,000 per 10 grams mark here on bul.
India Business News: Gold prices hit a new high at Rs 70,050 per 10 grams, with silver rising to Rs 81,700 per kg. Analyst Saumil Gandhi noted the bullish trend in global