Markets

Gold Rate Today: Gold gains, silver loses in morning trade

NEW DELHI: Gold was trading up in the domestic futures market in Friday's session on higher demand by local jewellers at the spot market and a firm trend overseas.

However, silver prices saw a fall on slightly reduced orders from industrial units and coin makers.

Gold prices were steady on Friday supported by the uncertainty around the Federal Reserve's policy outlook for next year, Reuters said.

Around 10:15 am, the MCX Gold was trading at Rs 31,579 per 10 grams, up by Rs 52. The MCX Silver was trading Rs 82 lower at Rs 38,274 a kilo around that time.

As per the brokerage SMC Global Securities, MCX Gold can take support near Rs 31,400 and can face a resistance near Rs 31,650, while MCX Silver can take support near Rs 38,100 and can face a resistance near Rs 38,700 for the session.

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