29-Oct-2024

MCX Afternoon Wrap: Silver supported, MCX Gold Sees intraday selling

Precious metals are holding with decent gains today. MCX Gold futures for December are trading at Rs 78824 per 10 grams, up 0.33% on the day. The counter has witnessed steady resistance in Rs 78850-78780 zone, sliding from this threshold four times in the day so far. Silver futures are up impressively as a bounce above Rs 97900 per kg mark has propelled the counter above Rs 98400 per kg. The contract currently trades at Rs 98369 per kg, up 1% on the day. MCX Copper spent much of the session in a dull manner before a break above Rs 840 mark some time ago firmed up the sentiments. The counter currently trades up 1% at Rs 846.95 per kg.

Powered by Commodity Insights