Gold Metal may face resistance in the range of Rs 51,800-52,000 per 10 gm

Gold Metal may face resistance in the range of Rs 51,800-52,000 per 10 gm

On Tuesday India Gold october futures in a positive trend  in the international spot prices as the US dollar remained subdued ahead of the US Federal Reserve's monetary policy meeting.

According to reuters the dollar index was little changed after posting its worst day in more than two weeks in the last session. A weaker greenback makes gold less expensive for holders of other currencies.

On the Multi-Commodity Exchange (MCX), October gold contracts were trading higher by 0.39 percent at Rs 51,890 per 10 gram at 0920 hours. September silver futures were trading 0.6 percent higher at Rs 69,370 per kg.

Experts are of the view that the precious metal could remain volatile and may face resistance in the range of Rs 51,800-52,000 per 10 gm. On the downside, Gold has support near Rs 51,300-51,500.