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Gold - April 30, 2021 - Reliance Securities

Posted On: 2021-05-01 05:11:41 (Time Zone: UTC)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International gold prices were trading weak this Friday early afternoon in Asia as U.S. Treasury yields gained on strong economic data and dented the metal's appeal.

Lack of any major data tonight could keep gold in a small trading band and could track the movement of U.S. Treasury yields and the Dollar.

Technically, LBMA Gold Spot resistances remain at $1775 and $1785. Supports remain at $1759 and $1750.

Domestic gold prices were trading marginally higher this Friday early afternoon, despite weak overseas prices and stronger Rupee.

Technically, MCX Gold June resistances remain at 47300 and 47500. Supports remain at 46560 and 46400.

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