Gold, silver trade higher

COMMODITY TIPS |
GOLD, SILVER TRADE HIGHER:-

NEW DELHI: Gold and silver were trading nearly 1 per cent higher in early trade on Friday amid buying from jewellers, stockists and industries. On the Multi Commodity Exchange (MCX), gold was trading 1 per cent up at Rs 28,200 per 10 gm, while silver was trading 0.80 per cent higher at Rs 40,020 per kg.

The country's gold imports remained stable at around 100 tonnes in November despite a fall in jewellery sales due to a cash crunch post demonetisation. India imported around 97 to ..

 NEW DELHI: Gold and silver were trading nearly 1 per cent higher in early trade on Friday amid buying from jewellers, stockists and industries. On the Multi Commodity Exchange (MCX), gold was trading 1 per cent up at Rs 28,200 per 10 gm, while silver was trading 0.80 per cent higher at Rs 40,020 per kg.

he country's gold imports remained stable at around 100 tonnes in November despite a fall in jewellery sales due to a cash crunch post demonetisation. India imported around 97 tonnes of gold during October.
The yellow metal plunged by Rs 430 in spot market on Thursday following sustained selling by stockists amid bearish international markets.

Rohit Gadia, founder and Chief Executive Officer, CapitalVia Global Research, said, "Gold prices moved down on Thursday as the dollar again regained strength. India has launched a plan to swap nearly 86 per cent of high-value currency notes in circulation, hitting consumer demand during the peak season for weddings, where gold is a typical gift. For Friday, Rs 27,900 and 27,600 per 10 gram will act as the major support levels whereas Rs 28,500 and 28,900 levels will act as major resistance level ..
Spot prices of gold and silver in Ahmedabad closed at Rs 28,217 per 10 gram and Rs 39,845 per 1 kg on Thursday, according to the data available with NCDEX.

Meanwhile, the domestic equity market opened lower on Friday following weak global cues. The BSE Sensex was trading 252.83 points, or 0.95 per cent, down at 26,307 at 11 am (IST), while NSE's Nifty50 index was trading 83.45 points down at 8,109.
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