Gold - Sep 2, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold prices traded firm with COMEX spot gold prices were trading marginal up to $1814 per ounce on Thursday. Gold October future contract at MCX were trading flat at Rs. 47130 per 10 grams by noon session.

Gold prices hovered in upper trading range on mixed global cues. Gold prices eased from previous highs awaiting US Job market report on Friday. The dollar index was trading flat making gold prices choppier with lack of fresh triggers.

We expect gold prices to trade sideways to up with COMEX spot gold resistance at $1833 and support at $1795 per ounce. MCX Gold October support lies at Rs. 46800 and resistance at Rs.47300 per 10 gram.

Source : Equity Bulls

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