Gold price today: Rates rise on escalations in Russia-Ukraine war; experts highlight key levels for MCX Gold
1 month ago

Gold price today: Rates rise on escalations in Russia-Ukraine war; experts highlight key levels for MCX Gold

Live Mint  

Gold price today: Heightened geopolitical tensions, coupled with easing US dollar and bond yields, continue to support gold prices, as the yellow metal rose in the domestic futures market on Friday morning. According to Reuters, gold prices in international markets were set for their best week in a year on Friday, supported by safe-haven demand amid further escalations in the Russia-Ukraine war. Experts highlight key levels for MCX Gold According to Kalantri, gold has support at $2,652-$2,531 and resistance at $2,692-$2,810. Manoj Kumar Jain of Prithvifinmart Commodity Research said gold has support at $2,658-2,644, while resistance at $2,688-2,700 per troy ounce and silver has support at $30.70-30.35, while resistance is at $31.20-31.50 per troy ounce in today’s session.

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