Bullion counter traded with nominal gains in futures trade on Tuesday as the rise in equities weighed on the appeal of the yellow metal as a safe-haven asset. Tepid demand by jewelers at the spot market also was a reason for the prices to be lackluster even as the trend in overseas markets looked stable. Gold prices held steady in global markets as investors awaited US retail sales data that could serve as an indicator of the strength of the world's largest economy amid lingering concerns over the global economic slowdown.
MCX Gold traded at Rs 34,891 per 10 grams, up by Rs 9. Gold can test Rs 34,700, facing resistance near Rs 35,000 and silver can move towards Rs 38,300, facing resistance near Rs 38,800.
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