Gold price today: Yellow metal gains momentum; buy for a target of Rs 46700: Experts

India Gold MCX June Futures trade higher on Tuesday after a negative close seen in the previous trading session.

On the Multi-Commodity Exchange , June gold contracts were trading higher by 0.14 percent at Rs 46,483 for 10 grams at 0935 hours.

“COMEX gold trades little changed near $1732/oz after a 0.7% decline in the previous session.

“However, supporting price is rising virus cases, loose monetary policy stance of major central banks and mixed economic data from major economies.

“We expect both the precious metals could find support at lower levels in today’s session.

Jain added that at MCX, Gold has support at Rs 46180-46000 and resistance at Rs 46660-46850 and silver is having support at Rs 65800-65200 and resistance at Rs 66600-67300 levels.

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