Gold Price Today: Buy MCX Gold, Silver futures for these intraday targets, says expert

December Gold Futures on MCX are likely to trade with a positive bias over the course of this session according to a Motilal Oswal report. The brokerage house sees support at Rs 51900 and Rs 51700 per 10 gram where is the resistance is seen at Rs 52225-52400. Likewise, the December Silver futures are also expected to trade with a positive bias. The support is seen at Rs 61300-61050 per kg while the resistance is between Rs 61875 and Rs 62150.

As for the International spot price, support is seen at USD 1700-1680 where as the resistance is seen at USD 1730-1750. Support for Silver spot price is seen at USD 20.65-20.40 whereas resistance is at USD 21.05-21.30.

At around 7 pm today, the December Gold Futures were trading at Rs 51963 and were up Rs 317 or 0.61 per cent from the previous closing price. Meanwhile, the Silver futures were trading at Rs 61169, up by Rs 402 or 0.66 per cent.

Commodity expert Anuj Gupta recommends a buy at Rs 51700 with a stop loss at Rs 51450 and price target of Rs 52400. Buying in December Silver futures is recommended at Rs 61000 with a stop loss of Rs 60350 and price target of Rs 63000.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)