Mumbai, Dec 19 || Gold prices slipped in the domestic futures market on Friday morning, as investors booked profits after the Bank of Japan’s latest policy decision.
Softer inflation data from the United States also weighed on prices, even though gold is usually seen as a hedge against rising inflation.
On the Multi Commodity Exchange (MCX), gold futures for February delivery were trading 0.56 per cent lower at Rs 1,33,772 per 10 grams during early trade.
“Gold has support at $4275-4245 while resistance is at $4355-4385. Silver has support at $64.40-63.75 while resistance is at $65.60-66.15,” experts said.
“In INR terms, gold has support at Rs1,33,850-1,33,110 while resistance is at Rs1,35,350-1,35,970,” they added.
Silver futures for March were also under pressure and were down 0.26 per cent at Rs 2,03,034 per kg at the same time.