Gold, silver prices trade lower on MCX as firm dollar weighs on bullion - Business Standard

AI desk brief

Gold and silver traded lower on MCX on Tuesday as a firmer dollar pressured bullion, despite a modestly stronger open in both contracts. MCX December gold fell to ₹1,49,470/10g after opening at ₹1,49,653, while December silver slipped to ₹2,22,653/kg from an opening ₹2,22,905/kg.

On Comex, gold was around $4,205.70/oz and silver $60.48/oz at the time of writing. Technicals were also negative: gold open interest rose 5.82% to 17,065 contracts as price fell, with support at ₹1,48,605 and resistance at ₹1,51,040; silver open interest increased 4.24% to 17,605 contracts, with support at ₹2,21,735 and resistance at ₹2,24,950.