NEW DELHI: Gold and silver were trading mixed in domestic futures market on Thursday amid tepid demand of the precious metals by local jewellers and strengthening the rupee.

The rupee climbed 33 paise against the US dollar today. A higher rupee reduces the cost of import of gold.

The MCX Gold was trading at Rs 30,835 per 10 gram, up by Rs 10, while MCX Silver was trading Rs 22 lower at Rs 36,887 a kilo around 10:50 am.


MCX Gold is expected to trade in the range of Rs 30,750-31,150 with a negative bias, Motilal Oswal Securities said.

"It has resistances at Rs 30,880-30,920, whereas support remains at Rs 30,750. Sustained trade below this level could increase the bearish momentum and prices could test lower support at Rs 30,620" the brokerage said. The brokerage advises selling on the rise in the commodity.

"MCX Silver has a lower support at Rs 36,290-36,190, whereas higher resistances are at Rs 37,300-37,460 mark," said Motilal Oswal Securities. The brokerage expects a sideways consolidation in the commodity for the session.

Gold prices held firm on Thursday in global markets, after touching the two-week high in the previous session, supported by weakness in the US dollar.