Gold - Oct 30, 2020 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC securities

Gold prices traded firm with COMEX spot gold prices recovered to $1873 on Friday. Gold December future contract at MCX were trading half a percent up to Rs. 50528 per 10 grams for the day.

Gold prices are fluctuating on mixed global cues with delaying US stimulus and worries over surge in virus cases. Gold prices are expected to trade in current range with sideways to up move for the day limiting downside on weaker dollar.

COMEX gold resistance at $1890, support at $1860. MCX Gold December support lies at Rs. 50100 with resistance at Rs. 50800.

Source : Equity Bulls

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