By Manoj Kumar Jain
Director and Head of Commodity Research, NiveshDaily Commodity
Both the precious metals were traded positive in international markets. Gold settled at $1291.30 per troy ounce up by 0.27% while silver settled at $15.68 per troy ounce up by 0.26%. Domestic markets were also settled positive. Gold settled at Rs.32141 
per 10 gram with the gain of 0.67% and MCX Silver settled at 39552 per 1 kilogram with the gain of 0.55%.
Gold prices gained on Monday as investors fled from risk assets after a slump in China’s exports and ahead of an expected defeat for British Prime Minister Theresa May’s Brexit deal.
Gold prices gain as Chinese export fell by 4.4% biggest drop in 2 years and import also plunged by 7.6% biggest drop since 2016. Market is also worried above Brexit deal vote and possibility of defeat of British PM Theresa May. Gold is expected to test $1300 in today’s trade and crossover above $1300 will open the gate for $1320 in coming days.
Gold is having support at $1284-1278 and resistance at $1298-1306. Silver is having support at $15.54-15.40 while resistance at $15.84-15.98.
