New Delhi: Gold prices in India rose on Tuesday tracking the international peers. On the Multi-Commodity Exchange (MCX), August gold contracts increased 0.34 per cent higher to Rs 47,459 for 10 grams at 0940 hours on July 6.
Gold prices touched a new high in nearly three weeks In international market. Spot gold was up 0.4% at $1,798.46 per ounce, as of 0315 GMT, its highest since June 17. US gold futures rose 0.8% to $1,798.10 per ounce, according to Reuters. The dollar lowered 0.1%, moving further away from a three-month high hit last week.
“Gold and silver are giving gap up opening as per current comex prices, Technical chart indicating some profit booking at higher levels. So traders are advise to book their longs at higher opening prices and can make some short position in gold, silver near given resistance levels, traders should also focus important technical levels given below for the day.
August gold closing price Rs 47,299, Support 1 – Rs 47,200, Support 2 – Rs 47,000, Resistance 1 – Rs 47,800, Resistance 2 – Rs 48,100. September silver closing price Rs 70,039, Support 1 – Rs 69,500, Support 2 – Rs 68,900, Resistance 1 – Rs 70,700, Resistance 2 – Rs 71,300,” he added.
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