US Fed rate cut: MCX Gold eyes new high; Silver can zoom to Rs 1,00,000

Quick Summary:

Technical charts suggests that the bias for Gold is likely to remain positive as long as Rs 73,100 holds; while in case of Silver the bullish pivot stands at Rs 89,000.

In comparison, Silver prices have zoomed over 11 per cent in the last six trading sessions.

Echoing similar views, Pranav Mer says the trend remains positive for Gold, with support at Rs 73,299/ Rs 73,000, while on the upside prices may test Rs 74,200/ Rs 74,550.

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Category: BusinessFinance

Markets: India

Topics: Silver prices in india Gold Silver Gold prices in india Gold outlook Silver outlook Trading strategies

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Published On: 2024-09-16 @ 12:44:57 (22 hours ago)

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