Gold, Silver Price Outlook: Key MCX Levels To Watch Today

Precious metals remained in focus as investors are all set to track the fluctuations on the Multi Commodity Exchange (MCX). Experts believe gold and silver prices will continue to be impacted by global market cues and geopolitical concerns and focus on the key support and resistance levels for gold and silver futures on the Multi Commodity Exchange.

Gold futures traded around Rs 1.47 lakh per 10 grams on October 20. According to Kedia Advisory’s October 19 technical outlook, gold has support at Rs 1,47,350 and Rs 1,46,780, with resistance at Rs 1,48,660. Silver has support at Rs 2,09,930 and Rs 2,08,670, while resistance stands at Rs 2,13,220. A sustained move beyond these levels could determine the next directional move in .

According to goodreturns.in, today’s gold price in India stands at Rs 14,717 per gram for 24 karat gold (99.9% purity), Rs 13,490 per gram for 22 karat gold (91.6% purity), and Rs 11,038 per gram for 18  (75% purity).

Gold Rate Today: 24K, 22K And 18K Prices In Major Cities