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Gold Prices Today: Precious metal to remain volatile as investors await US inflation data.
Gold has support at Rs 55,640-55,450 and resistance is at Rs 56,120, 56,350. Silver has support at Rs 68,450-68,020, while resistance is at Rs 69,520–69,980, says Rahul Kalantri of Mehta Equities.
Gold was trading flat in Indian as well as international markets on January 11 morning as traders awaited key US inflation data due the next day to gauge the Federal Reserve’s rate hike stance.
At 10:30 am, gold was trading 0.02 percent higher on the Multi Commodity Exchange (MCX) at Rs 55,725 for 10 grams. Silver added 0.3 percent at Rs 68,565 a kilogram.
Spot gold was little changed at $1,876.49 a troy ounce, at 0023 GMT, while US gold futures were up 0.3 percent at $1,881.30.
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