New Delhi: Gold prices in the global market remain stable ahead of the start of the Monetary Policy Meeting of the Federal Reserve, a US central bank. Gold remained steady at $1780.86 an ounce in the global market on Tuesday, while gold futures showed a slight change and sold at $1780.10 an ounce. Meanwhile, gold demand appeared slightly lower due to the rise in dollar prices. Now investors in the global market are eyeing the Fed's monetary policy. However, no major changes are expected.
Gold fell for the fourth consecutive day in the domestic market on Tuesday. Gold fell to Rs 474.56 per ten grams in MCX. Silver sold at Rs 68,709. Gold had touched Rs 48,400 per ten grams last week. This was the highest level of the last two months. Gold in MCX can get support at Rs 47,100 and resistance at Rs 47,700. Silver may also be trending lower. It can get support at Rs 68.100 and resistance at Rs 69,000. Gold fell 81 rupees, to 46,976 rupees per 10 grams in Delhi market on Monday.
Gold prices are showing a mixed trend all over the world. Gold prices in the U.S. and European markets may begin a boom. In countries where covid infections are slightly controlled, investor trends seem to be on the rise in other threatened investment channels, including the stock market.
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