International Gold was little changed on Friday
after gaining in the previous session when the dollar eased from a one-month
high, although it remained on target for its biggest weekly drop in two months.
Gold has been fluctuating between $1,760 and $1,780 so far this week, with no
fresh catalysts to drive it from that range, after stimulus measures by central
banks pushed prices near $1,800 earlier this month. The COMEX December gold was
trading nearly flat at $1,769.80 an ounce, 0.8 an ounce, after moving in the
range $ 1772.7- 1768 an ounce.
Indian rupee weakens with quoting at Rs 52.86,
0.35% drop in the value against the greenback. MCX Gold December is quoting at
Rs 31385, up 0.20% from the last close. Support for the counter is at Rs
31300-31210 and resistance is at around Rs 31450-31520 level.
Silver December contact is trading at $ 33.915,
down 0.167 per ounce. Silver on MCX is quoting at Rs 61624, down 0.31% from the
last close. Resistance is seen at Rs 61800-61950 and supports at Rs 61500-61300
level.gold
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