Gold and Silver price today (December 6, 2023): Precious metal trade higher; Gold above Rs 62,250

Gold and Silver price today (December 6, 2023): Domestic precious metal futures traded higher in early trade on Wednesday. 

Last seen, MCX gold futures (Feb 5) were up 0.14 per cent or Rs 85 at Rs 62,270 per 10 grams at the last count, having traded between Rs 62,220 and Rs 62,270 earlier in the day. Silver futures (Mar 5) were up 0.23 per cent or Rs 176 at Rs 75,455 per kg.

"Bullions are looking strong and have given a fresh break out in the daily chart. Traders are advised to make fresh buy positions in Gold and Silver near the given support level," said Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking.

Khare sees support for gold February futures at 62000/61800 and resistance at 62400/62600. For silver March futures he sees support at 75000/74000 and resistance at 76000/77000.

In the international market, COMEX gold was up 0.417 per cent at $ 2039.7 per ounce.

Here's an indicative list of spot gold prices in some of the major Indian cities:   

City-wise gold price (24k) in India (December 6, 2023)

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before acting on the information.)

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