Gold Rate Today: Gold, silver trade lower in morning deals –
Gold prices were trading lower in morning trade on Monday ahead of a US Federal Reserve meeting this week and robust dollar demand as investors outside the US sought the safety of the greenback amid global growth concerns.
MCX Gold futures were down 0.29 per cent at Rs 31,460 per 10 gram at around 10.50 am (IST), while MCX Silver futures were trading 0.38 per cent down at Rs 37,911 per 1 kg at around the same time.
According to Motilal Oswal Financial Services, MCX Gold will be will be trading in a sideways range for the session. Support is placed at Rs 31,460-31370, whereas resistance is capped at Rs 31,660-31,700 levels.
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