Mumbai, Dec 4 || Gold and silver prices slipped in the morning trade on Thursday, as investors booked profits after the US dollar strengthened against major currencies.
The demand in the spot market also remained weak, which added to the pressure on precious metals.
On the Multi Commodity Exchange (MCX), gold February futures fell 0.13 per cent to Rs 1,30,288 per 10 grams.
“MCX Gold has extended its up-move and created a fresh high near Rs 1,31,400, and is now approaching its lifetime resistance zone at Rs 1,32,294, which continues to act as a key breakout hurdle,” experts said.
“A clean and sustained close above Rs 1,32,300 can accelerate the rally toward Rs 1,34,400–Rs 1,35,500,” they added.
Silver March futures were also down 0.08 per cent, trading at Rs 1,82,200 per kilogram.