Gold prices today below one-month high, but silver rates stable

,precious metals Investors displayed cautious moves as non-farm payrolls data from the US and the unemployment rate waited for clues on the Fed’s monetary policy path later today. Similarly, the US dollar index stalled after two days of straight gains ahead of key job data from the US,” domestic brokerage Geojit said in a note.

While gold is considered a hedge against inflation, higher US rates reduce the appeal of non-yielding bullion and boost the dollar. Silver rose 0.6% to $ 20.77 an ounce. In the international and domestic markets, gold prices have gained about 3% so far this week.

,Sleep Indecision may remain below $1720/oz ahead of payroll data on indecision, while any strong job additions could lead to renewed consolidation in dollar and push prices towards the crucial $1700/oz, Kotak Securities said in a note. Can push.

The brokerage said silver is trading higher today but limited global exposure may put pressure on the prices.

“A strong rebound in the US dollar index from early week lows is limiting the rally in the precious metals markets. Gold and silver prices posted the biggest weekly gains since March ahead of key US jobs data that showed a sharp rebound in the precious metals market.” Will shape expectations in how the Fed is yet to tighten further,” said Rahul Kalantri, VP Commodities, Mehta Equities Ltd.

“We expect gold and silver to be volatile in today’s session ahead of the US job report. Gold has support at $1702-1688, while resistance is at $1728-1745. Silver has support at $20.20-19.82, while resistance is at $20.75. is at -20.95. Gold has support in INR 51,720-51,540, while resistance lies at Rs 52,210, Rs 52,350. Silver has support at Rs 60,650-59,940, while resistance lies at Rs 61,880-62,410. (with agency input)