On MCX, gold prices were up 0.19 per cent to Rs 51,489 per 10 gram, while silver rose 0.56 per cent to Rs 65,480 per kg. In the previous session, gold had tumbled Rs 850 or 1.6 per cent per 10 gram to hit a near one-month low, while silver had slumped Rs 1,500 or 2.25 per cent per kg.
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In international markets, gold edged higher after hitting a near one-month low in the previous session. A slight retreat in the US dollar supported the pullback in the precious metal, making greenback-priced gold cheaper. Benchmark US 10-year Treasury yields also eased, increasing the appeal of zero-yield gold. Spot gold was up 0.3 per cent at $1,902.46 per ounce. Among other precious metals, spot silver gained 1 per cent to $23.85 per ounce, platinum rose 0.6 per cent to $926.00, and palladium advanced 2.1 per cent to $2,189.18.
Gold has support at $1885-1872, while resistance at $1912-1922. Silver has support at $23.42-23.20, while resistance is $24.10-24.32. In rupee terms, gold has support at Rs 51,140–50,920, while resistance is at Rs 51,780–52,050. Silver has support at Rs 64,620- 64,410 while resistance is at Rs 65,690–66,070.