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MCX Gold

MCX gold fell nearly 1% while silver gained on Monday. Here are the key support and resistance levels for both precious metals.

Gold and silver prices fell on Tuesday, with MCX gold down 0.33% and silver declining 0.93% as higher US yields pressured bullion.

Gold gained 1.18 per cent this week as crude prices eased, while hawkish US Federal Reserve signals limited gains.

Gold prices held steady while silver declined on MCX as a stronger US dollar and higher US bond yields weighed on bullion ahead of the Fed decision.

Gold prices fell nearly 2% weekly as rising crude oil prices and stronger US rate hike expectations weighed on bullion.

Why did gold prices fall nearly 2% this week? Strong US data and a hawkish Federal Reserve outlook pushed bullion lower.

MCX gold fell up to 0.8% and silver dropped more than 1% on Friday as fresh US-Iran tensions increased geopolitical uncertainty.

MCX gold rose 0.76% to Rs 1,52,982, while silver gained 1.62% to Rs 2,35,221 as domestic buying supported bullion prices.

Gold gained 4.73% this week as a weaker US dollar, falling Treasury yields and soft US labour-market data strengthened bullion demand.

Gold prices climbed to a seven-week high, nearing Rs 1.5 lakh on MCX as lower US Treasury yields boosted safe-haven demand.