Mumbai, Nov 20 || Gold prices traded slightly lower on the MCX on Thursday morning as a stronger US dollar and fresh signals from the US Federal Reserve weighed on investor sentiment.
Around 9:45 am, MCX Gold December futures were down 0.23 per cent at Rs 1,22,768 per 10 grams.
In contrast, silver prices moved up, with MCX Silver trading 0.39 per cent higher at Rs 1,55,717 per kg.
"Gold has support at Rs 1,22,200 and Rs 1,21,650 and resistance is at Rs 1,23,800 and Rs 1,24,400 while silver has support at Rs 1,54,000 and Rs 1,52,500 and resistance at Rs 1,56,600 and Rs 1,58,000," experts said.
The US dollar index rose to 100.30 during the session, its highest level in more than two weeks. A stronger dollar typically makes gold costlier for buyers using other currencies, reducing overall demand.