Gold Price- MCX gold ascends on weaker US Dollar; support is seen at Rs Rs 60920-60760, resistance at Rs 61280-61470

Gold Price: MCX gold ascends on weaker US Dollar; support is seen at Rs Rs 60920-60760, resistance at Rs 61280-61470

Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices ascended on Thursday, while Silver rates also rose 0.44%. On the Multi Commodity Exchange, gold October futures were trading at Rs 61,183 per gram, up Rs 159, or 0.26%. Silver December futures were trading down Rs 324 at 73,150 per kg on the MCX.

Gold prices rose on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker US dollar and lower Treasury yields buoyed demand for bullion, according to Reuters. Spot gold was up 0.4% at $1,997.39 per ounce, after hitting a three-week high of $2,007.29 on Tuesday. US gold futures gained 0.3% to $1,998.60.

Rahul Kalantri, VP Commodities, Mehta Equities expects gold and silver prices to remain volatile in today’s session and said that “Gold has support at $1,981-$1,968, with resistance at $2,008-$2,021. Silver has support at $23.50-$23.35, while resistance is at $23.86-$24.05. In INR, gold has support at Rs 60,920-Rs 60,760, with resistance at Rs 61,280 and Rs 61,470. Silver has support at Rs 72,050-Rs 71,380, and resistance at Rs 73,570 and Rs 74,130.”

Check the live Gold rates here;

https://www.financialexpress.com/gold-rate-today/