Gold and Silver rate today (July 3, 2024): Domestic precious metal futures on Wednesday traded higher after European Consumer Price Index (CPI) showed signs of easing inflation and US Job data was better than expected.

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At the last count, MCX gold futures (Aug 5) were up 0.32 per cent or Rs 232 at Rs 71,786 per 10 gm. Meanwhile, MCX Silver futures (Sept 5) were up Rs 656 or 0.73 per cent at Rs 90,549 per kg.

Manoj Kumar Jain Director - Head commodity and currency research, Prithvi Finmart recommended buying silver September futures at Rs 89,500, with a stop loss of Rs 88,800 and a target of Rs 91,000. Jain believes the positive momentum will continue in today's trade.

Meanwhile, COMEX gold in the international market was up 0.36 per cent at $2,341.7 per ounce.

"Gold is expected to remain under pressure due to high U.S. Treasury yields and a strong dollar, while markets await further cues from Federal Reserve comments and economic data," said Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One Ltd.

Trigger that can affect yellow metal movements: 

>> Geopolitical and economic uncertainty.

>> Robust central bank buying.

Catch all the updates of the July 3 session on Dalal Street here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.

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