Mumbai, Nov 27 || Gold and silver prices fell in early trade on the MCX on Thursday as traders booked profits after the recent rally.
The decline came even as investors continued to watch for signals from the US Federal Reserve ahead of its monetary policy meeting next month.
During early trade, MCX Gold December futures were down 0.36 per cent at Rs 1,25,480 per 10 grams, while MCX Silver December contracts slipped 0.20 per cent to Rs 1,60,950 per kg.
Gold has support at $4130-4095 while resistance at $4195-4225. Silver has support at $52.65-52.35 while resistance is at $53.65-53.90, as per analysts.
“In INR gold has support at Rs1,25,350-1,24,780 while resistance at Rs1,26,650-1,27,100. Silver has support at Rs1,60,350-1,59,600 while resistance at Rs1,62,110, 1,63,000,” experts added.