On the Multi-Commodity Exchange , August gold contracts were trading higher by 0.42 percent at Rs 46,925 for 10 grams at 0930 hours.
Gold August futures contract settled at $1,764.30 per troy ounce, and Silver July futures contract settled at $25.83 per troy ounce.
“We expect the dollar index could show further strength and keep both the precious metals under pressure.
“Gold has support at $1748-1734, while resistance at $1780-1794 per troy ounce.
Strength in US Dollar to continue, and that will put pressure on Gold and Silver Prices further.