Gold prices struggle --
Friday, 8 April 2022
NEW DELHI, Apr 07 (Reuters): Gold and silver rates struggled on Thursday in Indian markets amid a firm US dollar.
Gold futures on MCX were steady at Rs 51,623 per 10 gram while silver was flat at Rs 66330 per kg. In international markets, spot gold was down 0.2 per cent at $1,922.08 per ounce as US dollar hovered near a two-year high against a basket of currencies after Fed minutes showed the central bank is preparing to move aggressively to head off inflation.
In rupee terms, gold has support at Rs 51,240-50,980, while resistance is at Rs 51,840-52,140, says Rahul Kalantri, VP Commodities, Mehta Equities. Silver has support at Rs 65,810- 65,420 while resistance is at Rs 66,690-67050, he added.