Gold - April 27, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold prices traded marginal down with COMEX spot gold prices were trading at $1778 per ounce on Tuesday. Gold June future contract at MCX were trading marginal down at Rs. 47396 per 10 grams by noon session.

Gold prices fluctuated in narrow range trading marginal down on firm dollar index. The traders and investors are awaiting for US FOMC meeting which may keep mixed trade in precious metals. We expect gold prices to trade sideways to down for the day with COMEX gold support at $1760 and resistance at $1800 per ounce. MCX Gold June support lies at Rs. 47200 and resistance at Rs. 47800 per 10 gram.

Source : Equity Bulls

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