Gold, Silver price today 
New Delhi: Gold and silver prices in India witnessed some recovery on Wednesday after a two-day fall, tracking positive global cues. On MCX, gold futures as of 11:42 am, were up 0.4% at Rs 44,825 per 10 gram while silver May futures were higher by 0.31% at Rs 65,175 per kg.
Yesterday, gold futures had closed at Rs 44,646 while silver futures settled at Rs 64,972. Experts say MCX gold has support in the Rs 44,700-44,600 range while it faces resistance near Rs 45,100 levels.
In the international market, gold prices were supported by a drop in U.S. Treasury yields, which held close to one-week low. Spot gold was up 0.22% at $1,728.65 per ounce and spot silver fell 0.34% to trade at $25.137 per ounce.
Treasury yields slipped to the lowest since March 16, while the dollar jumped above a two-week high after Powell told U.S lawmakers on Tuesday he expected inflation to rise over the year but it would be “neither particularly large nor persistent.”
“Gold looks to have found some buyers in early Asia, but it is just investors buying the dip … If yields keep falling, that should be supportive for gold,” news agency Reuters quoted OANDA senior market analyst Jeffrey Halley as saying.
Worth mentioning here is that gold prices have been moving in a range over the last two weeks after falling close to one-year low levels earlier this month. Gold is still down nearly 20% from its all-time high. In August last year, gold had hit a record high of Rs 56,200 per 10 gram.