Gold in international markets last traded strong at 1407 USD an ounce after it made seven weeks high near 1418 USD per ounce. Silver last traded at $32.99 per ounce. Silver prices have made a multi year high near 34.32 USD an ounce. Gold may find supports at 1375, 1361 and 1335. While, resistance levels are 1431 and 1465.
Gold prices are also well supported on investment demand which is coming from developing countries like India and China.
At MCX, the Indian commodity bourse, Gold April future prices settled up on Thursday at Rs. 21096 per ten grams against previous day’s close of 20984 up by 112 rupees.
MCX April Gold contract opened weak this morning at 21050, made the same level as an intraday high and last traded at 20856 down by 240 rupees after made an intraday low of 20839.
Support for MCX Gold Apr contract is seen at 20500 and below it; prices can test 20250, while the resistance levels are 21000 and 21300 respectively. Short term range of MCX Gold future prices is 19900-21100.
Gold prices are also well supported on investment demand which is coming from developing countries like India and China.
At MCX, the Indian commodity bourse, Gold April future prices settled up on Thursday at Rs. 21096 per ten grams against previous day’s close of 20984 up by 112 rupees.
MCX April Gold contract opened weak this morning at 21050, made the same level as an intraday high and last traded at 20856 down by 240 rupees after made an intraday low of 20839.
Support for MCX Gold Apr contract is seen at 20500 and below it; prices can test 20250, while the resistance levels are 21000 and 21300 respectively. Short term range of MCX Gold future prices is 19900-21100.
