Gold Price Today: India Gold MCX saw a decline in December futures trading. This fall was due to the rise in the dollar and a softening in international spot prices. According to a report, the rise in the dollar index increased the price of gold for those holding other currencies. Due to this, gold fell to $ 1,827.05 an ounce, which had reached the highest level since September 3 in the first session.
On Wednesday, on MCX (Multi-Commodity Exchange), gold was trading at Rs 48220 per 10 grams, down by 0.14 percent at 9:30. On the other hand, talking about the December silver futures trading, it was trading at Rs 64,800 per kg with an increase of 0.36 per cent. Earlier on Tuesday, there was a lot of volatility in gold and silver amid fluctuations in the dollar index. On the other hand, both the precious metals showed a mixed effect in the international markets. If we talk about the December futures contract of gold, then it closed at $ 1830.80 per troy ounce and the December futures contract of silver closed at $ 24.32 per troy ounce. Both were settled at a mixed price in the domestic market.
gold price will remain stable
According to experts, the price of gold will remain stable and in the coming sessions it can cross $ 1832 per troy ounce. After this, another rally of 1860-1878 dollars per troy ounce can be seen in gold. For gold, there is support at $ 1818-1804 per troy ounce and resistance at $ 1840-1852 per troy ounce. On the other hand, talking about silver, there is support for it at $ 24.10-23.84 per troy ounce and resistance at $ 24.60-24.88 per ounce. Experts say that there is support for gold on MCX at Rs 48055-47880 and resistance at Rs 48440-48700. At the same time, support for silver is at Rs 64220-63800, while resistance is at Rs 64700-65100.
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