Weak dollar index, higher US PCE Data supporting gold prices, however, higher bond yields and unemployment claims limiting the gains

Manoj Kumar Jain of Prithvi Finmart Commodity Research suggests buying gold on dips around Rs 48,000 with a stop loss of Rs 47,780 for target of Rs 48,400 and silver around Rs 61,900 with a stop loss below Rs 61,500 for target of Rs 62,800

Traders should create fresh buy positions near support levels, says Amit Khare, AVP-Research Commodities, Ganganagar Commodity

Gold Price Today: Selling pressure is expected in precious metals if prices rise towards resistance levels.

Gold continues to trade in the $1,780-1,830/oz range amid mixed factors and this trend may continue however Fed’s tightening expectations may keep pressure on prices, said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities

"Technically, yesterday gold traded above its major moving averages and was well supported around $1815, for the day support is seen at $1814 and $1808 while resistance at $1830 and $1834. As per charts we may see some dips today but overall gold and silver…

Gold continues to trade within $1780-1830/oz range and this may continue unless there is more clarity on Fed’s stance. Higher yields and stable equities may keep pressure on price, said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities

Gold has eased back after failing to break past the $1850/oz level and some extended correction cannot be ruled out amid positioning ahead of Fed meeting next week, said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities.