Gold Prices Hold Steady Amid International Decline

The MCX Gold price continues to trade near ₹1.63 lakh per 10 grams, while Crude Oil prices fall over 3% amid profit booking.

In the international market, gold spot prices are trading around $4,696 per ounce, down 0.03%. Meanwhile, Silver traded 0.6% lower at $68.1 per ounce in the US markets.

The MCX Gold price action remains positive, with the October contract trading near ₹1,63,720. The price is holding above the hourly 20-EMA and the 50-EMA, which keeps the hourly structure firmly in favour of buyers.

On the other hand, MCX Crude Oil price action remained weak as the September contract traded near ₹8,089. The price is below the hourly 20-EMA and the 50-EMA, which keeps the short-term structure under pressure.