Commodity Online MUMBAI: Gold prices are seen little higher on Friday in the global markets on closure of US equity markets due to Independence Day. However, the US dollar remained firm.
At the MCX counter Gold futures for August are trading at Rs 15493, up Rs 9 from the previous close. The counter has eased from a high of Rs 14530 per 10 grams. The counter is expected to consolidate around Rs 14500 mark, which should act as a key pivot for the counter in the near term.
COMEX Gold for August $10.50 at $931 per barrel. The direction for Gold would depend largely upon US dollar from hereon. Gold fell yesterday, ending near $930 an ounce as the U.S. dollar strengthened against most of its rivals after a disappointing U.S.
Trade commodities or equities from across the globe. Join NowNow support for the gold MCX is seen at 14421 and below could see a test of 14357. Resistance is now likely to be seen at 14545, a move above could see prices testing 14605.
