Mumbai, Nov 26 || Gold and silver prices continued their upward trend on Wednesday, rising by more than half a per cent in early trade.
The gains came a day after both metals posted over 1 per cent growth, supported by strong demand in the spot market and rising expectations of an interest rate cut by the US Federal Reserve.
During the early trade, MCX gold December futures were trading 0.50 per cent higher at Rs 1,25,835 per 10 grams.
MCX silver December futures were also up 0.91 per cent at Rs 1,57,750 per kg.
"In INR gold has support at Rs1,24,350-1,23,580 while resistance at Rs1,25,850-1,26,500. Silver has support at Rs1,54,850-1,53,600 while resistance at Rs1,57,110, 1,58,000," analysts said.