MCX Gold Fluctuates as Market Awaits US Inflation Data

Gold and silver prices on the Multi Commodity Exchange (MCX) showed mixed trends in Thursday's morning trade. Gold futures for October opened at Rs 1,53,581, a decrease of 0.11 per cent or Rs 182.

However, by 11 am, gold prices jumped as much as 0.31 per cent or Rs 489 to hit an intraday high of Rs 1,54,252. At the last count, it was trading at Rs 154177, an increase of 0.27 per cent or Rs 414.

Silver futures for December were trading at an intraday high of Rs 2,44,265, up 0.02 per cent or Rs 52. But the white metal declined as much as 0.60 per cent or Rs 1,487 to hitting an intraday low of Rs 2,42,726 so far.

Analysts said MCX gold was trading largely flat and remained capped below its 20-day exponential moving average and immediate resistance.