Gold prices today fall after surging ₹1,100 in 2 days: Check today rate

Gold prices in India dipped today after the recent surge pushed rates to over 3-month highs. On MCX, gold futures slipped 0.08% to ₹48,437 per 10 gram after jumping ₹1,100 in previous two sessions. Silver futures rose 0.9% to ₹73,960 per kg.

In the previous session, gold had gained ₹800 or 1.6% while silver had surged ₹2300 or 3.2%. MCX Gold has support at ₹46,360 and resistance at ₹49,400, say analysts. In international markets, gold prices extended gains to rise to over 3-month highs amid a weaker dollar. Spot gold was up 0.2% at $1,868.89 per ounce.

Among other precious metals, silver rose 0.2% to $28.23 whole platinum edged 0.2% higher to $1,242.27. “While silver prices stay above $28.20 there are chances of continuation of upticks towards $30 initially. Break above the same is an early signal of major bullish trend. Further weakness is seen only if prices close below $25,” says Geojit. MCX silver has resistance at ₹74800 and support at ₹70,150.