Gold prices were trading lower in the morning trade on Thursday due to low demand from jewellers amid a weak trend overseas.
MCX Gold futures were trading 0.78 per cent down at Rs 31,494 per 10 gram at around 11.10 am (IST), while MCX Silver future were down 0.55 per cent at 36,475 per 1 kg at around the same time.
“MCX Gold has intraday resistance at Rs 31,680-31770 and bias looks weak as long as price holds below the same. Support is placed at Rs 31,330-31220. For the session, selling on rise around Rs 31,480-31,550 is advised.”
MCX Gold futures were trading 0.78 per cent down at Rs 31,494 per 10 gram at around 11.10 am (IST), while MCX Silver future were down 0.55 per cent at 36,475 per 1 kg at around the same time.
“MCX Gold has intraday resistance at Rs 31,680-31770 and bias looks weak as long as price holds below the same. Support is placed at Rs 31,330-31220. For the session, selling on rise around Rs 31,480-31,550 is advised.”
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