Gold Price Outlook: Yellow metal tumbles over Rs 1,000 as global equities rebound

Gold August futures on MCX dropped Rs 1,051 (1.08%) to Rs 96,036/10g amid easing tensions and rising equities.

Silver July futures opened Rs 555 lower at Rs 1,06,200/kg, after a mixed close on Thursday.

Gold MCX range: Rs 96,100–97,920 | Silver: Rs 1,05,000–1,08,200

Buy silver on dips near Rs 1,05,800, target Rs 1,07,000.