Daily Outlook for Gold on 09 Oct
Further decline in MCX Gold December futures are likely to take prices towards 50-DMA. Hence, for a pull-back rally, the yellow metal needs to clear and trade above the 200-DMA.
Thin moves in MCX Gold
So far, the commodity has touched a low at Rs 26,431 and a high at Rs 26,516.
MCX Silver cracks ahead of Fed meeting
The precious white metal is now down almost 2 percent, and has seen trades of around 9,070-odd lots.
Keep an eye on latest Gold, Silver price in India
The spot Gold and Silver rates are now down 0.5-0.8 percent on the MCX.
Silver tumbles on profit booking
The Indian Silver price has now slumped over Rs 800 on the MCX counter.
[ More ]