Gold and silver are expected to remain volatile on November 5. On MCX, gold has support at Rs 50,600-50,440 and resistance at Rs 51,050-51,220.
Experts are of the view that precious metal could remain choppy amid volatility in the dollar index and investors can look at buying the dip. Support is seen near Rs 50,500-50,330 per 10 gm.
Experts are of the view that both Gold and Silver are likely to trade in a range and the yellow metal should be able to find support near 50300-50,000 levels.
Experts are of the view that precious metal will be able to hold on to its support but may face resistance near Rs 50,550 levels.
Reena Walia, senior research analyst of international commodities at Angel Broking suggested a buy on MCX crude oil November contract around Rs 5,160 to Rs 5,170 per barrel levels. However, Angel Broking is a little bearish on gold.