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For short term, one may seen some profit booking and gold may test Rs 45,000-44,000 levels, said experts.
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"Spot gold prices for 24 karat in Delhi plunged Rs 717 in line with decline in global gold prices," said Tapan Patel, HDFC Securities Senior Analyst (Commodities)
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"Spot gold prices for 24 karat in Delhi fell marginally by Rs 9 with range-bound global gold prices," said Tapan Patel, HDFC Securities Senior Analyst (Commodities).
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In the previous trade, the precious metal had closed at Rs 47,508 per 10 grams
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Traders can go for buy in gold at Rs 47,300 levels with the stoploss of Rs 47,000 levels and for the target of Rs 48,000 levels: Anuj Gupta, Angel commodities
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In the international market, gold was trading with gains at USD 1,844 per ounce and silver was flat at USD 27.18 per ounce.
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Rising prices of yellow metal leads to higher investment
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India Gold MCX April Futures were trading flat with a positive bias on February 10, tracking positive trends in international spot prices. On the Multi-Commodity Exchange (MCX), April gold contracts were trading higher by 0.25% at Rs 48,068 for 10 grams at 10.10 am. March silver futures were trading 0.27% higher at Rs 69,885 a […]
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The precious metal had closed at Rs 47,064 per 10 grams in the previous trade
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The yellow metal prices are down almost 15% from August highs