Gold - Sep 28, 2020 Mr. Tapan Patel - Senior Analyst (Commodities), HDFC securities

Gold prices traded lower with COMEX spot gold declined to $1853 on Monday. Gold October future contract at MCX were trading half a percent down to Rs. 49410 per 10 grams.

Gold prices traded under pressure on Monday as investors are awaiting the US Presidential election debate and key data from China. Gold prices were down despite of weaker dollar on strong equity indices.

We expect gold prices to trade sideways to down with COMEX gold support at $1835 and resistance at $1890. MCX Gold support lies at Rs. 48800, resistance at Rs. 49800.

Source : Equity Bulls

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