International Gold and Silver prices are trading with marginal losses owing to stronger U.S. Treasury Yields and U.S. dollars. Rumors of lockdowns across Europe have taken a toll on the pace of economic recovery which could cap the downwards move. Technically, International Gold is trading in a sideways and bearish trend below psychological levels of $1700. Support is at $1682 - $1675 levels, which when breached with heavy volume could result in prices testing $1650 levels in the upcoming sessions.

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On the domestic front, MCX Gold June gave a gap down opening and has been sustaining below 50-SMA. Prices have been trading in a choppy range. CapitalVia Investment Adviser expects bears to dominate in the upcoming session, where Rs 44000 levels could provide a support to the prices.

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International Silver is moving with bearish momentum and traded below $24.00 levels in the morning session. MCX Silver May gave a gap down opening but the gap was filled when prices traded with marginal bullish momentum during the morning session. CapitalVia Investment Adviser expects bearish sentiments to dominate the evening session where prices could trade below Rs 62500 levels. INR has strengthened against USD which could boost the downfall of prices of precious metals.