Precious metals gold and silver were trading in the red in the late morning deals on Thursday.
MCX Gold futures were trading 0.10 per cent, or Rs 31 lower at Rs 30,157 per 10 grams at 11:16 am (IST), while MCX Silver futures were down 0.20 per cent, or Rs 73, at Rs 37,059 per 1 kg at the same time.
SMC Global Securities in its daily commodity report says bullion counter may trade on the sideways path.
Gold can take support near Rs 30,000 and can face resistance near Rs 30,300 on MCX. While silver can take support near Rs 36,900 and has the resistance near Rs 37,300,” it said.
On the global front, gold prices held steady in the early trade after rising nearly half a per cent in the previous session, as the dollar edged down, but views on higher US interest rates limited gains, Reuters reported.
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