Gold and silver prices edged lower in Indian markets today amid a hardening of US bond yields. On MCX, gold futures slipped 0.03% to ₹46,580 per 10 gram, extending losses to the second day, while silver fell 0.15% to ₹66,884 per kg. In the previous session, gold had dropped 0.5% but for the week posted strong gains. MCX gold has support at ₹44,940 and resistance at ₹47,380, says domestic brokerage Geojit.
In India, gold prices have rebounded from year-low levels of ₹44,000 hit earlier this month. A jump in global rates, rupee’s depreciation and renewed concerns over covid cases have supported gold at lower levels. Gold had hit a record high of ₹56,200 last August.
