April 28, 2023 / 09:52 AM IST

Rahul Kalantri, VP Commodities, Mehta Equities

Gold and silver costs ended flat in a uneven session on Thursday, whereas the US Dollar and bond yields climbed following the weaker-than-expected first-quarter Gross Domestic Product.

The U.S. knowledge launched on Thursday had been blended. Economic knowledge from the US confirmed the economic system grew at an annualized price of 1.1 percentduring the primary quarter, beneath the 2percentmarket consensus and manner lesser than the two.6percentgrowth registered within the earlier quarter. The Core PCE rose 4.9 %,above the anticipated 4.7 %.

Technically, gold has assist at USD 1,980-1,965 whereas resistance is at USD 2,005-2,015. Silver has assist at USD 24.76-24.58, whereas resistance is at USD 25.12-25.25. In INR phrases gold has assist at Rs 59,740-59,550, whereas resistance is at Rs 60,320, 60,510. Silver has assist at Rs 73,480-73,050, whereas resistance is at Rs 74,650–75,030.