Gold prices today rise after falling for three days in a row
Gold prices rose today in Indian markets, snapping a three-day fall. On MCX, gold April gold futures rose 0.35% to ₹42,534 per 10 gram, tracking an advance in global rates. Silver futures on MCX however declined 0.8% to ₹46,284 per kg. From Monday's record high level of ₹43,788 gold prices in India have come off about ₹1,250 per 10 gram amid some profit-taking and decline in global rates from higher levels.
April gold futures can can recover towards ₹42,900 while taking support near ₹42400 while silver futures (May) can recover towards ₹46,800 while taking support near ₹46,200, SMC Global said in a note.