NEW DELHI: Precious metals gold and silver were trading in opposite direction in morning deals on Monday.
MCX Gold futures were trading 0.06 per cent, or Rs 17 lower at Rs 30,711 per 10 grams at 11 am (IST), while MCX Silver futures were up 0.25 per cent, or Rs 95, at Rs 38,330 per 1 kg at the same time.
Gold prices are expected to consolidate from Rs 30,500 – Rs 30,800. One can trade within the range, says Nirmal Bang Securities in its daily commodity report.
Silver prices are likely to trade sideways from Rs 37,900 – Rs 38,700. One can buy at Rs 38,100 with a stop loss below Rs 37,800, the brokerage advises.
On global front, gold prices fell slightly in early Asian trade as the dollar firmed on signs of easing tensions between the United States and North Korea.