Gold - Oct 6, 2020 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC securities

Gold prices traded firm with COMEX spot gold prices held grounds near $1910 on Tuesday. Gold October future contract at MCX was trading up to Rs. 50675 per 10 grams supported by rupee depreciation.

Gold prices traded higher with dollar decline and worries over global economic recovery. Prices fluctuated ahead of US Presidential election debate and rise in US treasury yields.

We expect bullion prices to trade sideways to up for the day with COMEX gold resistance at $1920 and $1940, support at $1890.

Source : Equity Bulls

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