Gold and Silver price today (October 26, 2023): Precious metal trade in green amid Middle East tensions; Gold above Rs 60,950

Gold and Silver price today (October 26, 2023): Domestic precious metal futures traded positive on Thursday amid Middle East tensions. 

Last seen, MCX gold futures (Dec 5) were up Rs 133 or 0.22 per cent at Rs 60,959 per 10 grams at the last count, having traded between Rs 60,822 and Rs 60,979 earlier in the day. Silver futures (Dec 5) were up 0.21 per cent or Rs 148 at Rs 71,935 per kg.

"Bullion is looking strong and some further upside movement can be seen in the future. So 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 December futures at 60500/60200 and resistance at 61000/61200. For Silver December futures he sees support at 71400/70500 and resistance at 72300/73000.

In the international market, COMEX gold was trading with a cautious upside at $1995.6 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 (October 26, 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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