MCX Gold likely to consolidate; Silver may re-test Rs 70,000

The MCX Gold futures are likely to consolidate in a trading band of Rs 56,100 to Rs 57,300 in the coming trading sessions.

Rex Cano Mumbai
Web Exclusive Premium

The MCX Gold and Silver futures have been consolidating in the recent weeks following strong gains in the preceding weeks. The overall bias for Gold futures remains positive, while Silver futures may look to bounce back in the near term.
Bias: Positive

Also Read

MCX Gold may seek support around Rs 51,100-level; Silver remains negative

Support for Gold moves higher to Rs 50,800; MCX Silver may test Rs 63,900

Despite pullback, MCX Gold, Silver futures face multiple hurdles ahead

Short-term trend for MCX Gold turns positive; Silver remains negative

MCX Gold, Silver futures slide; Key levels to watch out this week

MCX Crude oil may find support at Rs 6,400; Natural Gas could test Rs 227

Gold tests major hurdle at Rs 56,850; Silver likely to play catch-up

Uptrend in Crude oil capped at Rs 6,760; Pivot for Natural Gas at Rs 285

Gold may take a breather around Rs 56,850; Trading range narrows for Silver

Nifty Auto, Metal indices trading in thin range; here's how to play them

First Published: Jan 30 2023 | 9:18 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to