Gold gained as “oil prices retreated on reduction in geopolitical risk premium, after the US confirmed that the ongoing fragile ceasefire between Iran is still intact, despite the skirmish that was seen at the start of this week,” said Kelvin Wong, a senior market analyst at OANDA.
Internationally, at $4,535 and $4,500 while resistance is at $4,622 and $4,681 per troy ounce, and silver has support at $72 and $70, while resistance is at $75.50 and $77.40 per troy ounce.
On MCX, gold has support at Rs. 1,49,100 and Rs. 1,48,400 and resistance is at Rs. 1,50,500 and Rs. 1,51,800, while silver has support at Rs. 2,41,400 and Rs. 2,38,800 and resistance at Rs. 2,48,000 and Rs. 2,51,500.