NEW DELHI: Slackened demand from local jewellers amid a weak global trend took shine off the bullion market in Tuesday's session.
MCX
Gold was trading Rs 75 lower at Rs 30,804 per 10 gram in futures market. MCX
Silver was trading at Rs 36,750 a kilo, down by Rs 114 at around 10:40 am.
In the global markets, gold traded rangebound as the US dollar softened on weak US economic data and a clouded interest rate outlook.
Angel Commodities Broking expects the MCX Gold prices to trade sideways today.
"Gold can take support near Rs 30,700 and can face resistance near Rs 31,000 in MCX. While silver can take support near Rs 36,500 and can face resistance near Rs 37,200," said brokerage firm SMC Global.