Gold struggled in Indian markets amid weak global cues while silver held above ₹70,000 mark. On MCX, gold futures were flat at ₹47,309 per 10 gram while silver edged up 0.35% to ₹70,425 per kg.
MCX gold has resistance at ₹47,600 and support at ₹46,650, say analysts. The precious metal has struggled this year after hitting a record high of ₹56,200 last year.
In global markets, gold rates were slightly lower, weighed down by a stronger US dollar. Spot gold was down 0.1% to $1,785.41 per ounce, easing off a two-week high in the previous session. Among other precious metals, silver fell 0.2% to $26.40 per ounce while platinum eased 0.3% to $1,086.49.
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