Gold prices climbed up on Wednesday following growing optimism over prospects for a solution to Europe's debt troubles and weakness in dollar, but gains were capped after upbeat U.S. housing data dulled the metal's safe-haven appeal.
Gold prices are expected to remain sideways to bearish as positive data in US might reduce the safe haven appeal of the metal and thereby attract the investors towards other asset class. MCX Gold prices are having resistance at 31,200 and support at 30,900 for the day for December contract. MCX Silver prices are having resistance at 61000 and support at 59780. Support for November copper is seen at Rs.436 while resistance is seen at Rs. 445.
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