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Gold above ₹1.20 lakh, Silver near ₹1.48 lakh

Precious metals gain on global cues and softer greenback. Traders watch ₹1.21 lakh, ₹1.50 lakh resistance levels on MCX

Gold and silver prices rose in early trade on Friday, supported by a softer US dollar and improved global sentiment.

On MCX, gold December futures climbed 0.27% to ₹1,20,939 per 10 g, while silver gained 0.6% to ₹1,47,938 per kg.

Internationally, easing Treasury yields and rate-cut hopes boosted safe-haven demand.

Analysts see gold facing resistance near ₹1,21,200 and support around ₹1,19,400, while silver is likely to trade between ₹1,46,000 and ₹1,49,400.

A decisive move above ₹1,21,750 for gold or ₹1,50,000 for silver may trigger further upside.

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