Gold prices traded down final week.\n(Image: REUTERS)By Tapan Patel Commodity prices traded blended through the week handed by with Bullion prices witnessed decline for the second week with threat on sentiments. Base metals continued to commerce larger with Nickel rallying essentially the most adopted by Copper and Lead on a robust demand outlook. Crude oil prices traded larger on demand, progress prospectus.Gold prices traded down with spot gold prices at COMEX ended at $1769 per ounce for the week. Gold prices at MCX fell by 1.67% to Rs 46,737 per 10 gram pressured by sharp rupee appreciation. The spot rupee rallied by 1.25% towards the greenback for the week. Gold ETF holdings continued outflow as holdings at SPDR Gold Shares declined to 1017 tonnes from earlier week\u2019s 1020 tonnes. The CFTC information confirmed that money managers decreased their web lengthy positions by 6146 heaps in final week.Silver prices traded weak with spot silver prices at COMEX ended marginal right down to $25.92 per ounce for the week. MCX Silver May futures fell by greater than 1% to Rs 68,423 per KG. The CFTC information confirmed that money managers elevated their web lengthy positions by 2923 heaps in final week.\u00a0Bullion prices traded decrease through the week as prices struggled to interrupt key resistance ranges. Precious metals prices traded weak with greenback recovery and rise in US bond yields. The sturdy US GDP numbers pressured bullion prices to commerce down regardless of of increasing FED steadiness sheet and one other stimulus from the Biden administration. The greenback index rose above 91 mark gaining 0.46% whereas US 10 year treasury yields rallied to 1.62% through the week recovered from latest lows of 1.55%. The international vaccine rollouts have elevated client confidence and led to stronger than anticipated economic recovery which has capped upside in precious metals cornering inflation issues.We anticipate gold prices to commerce sideways to down within the coming week with COMEX spot gold resistance at $1800 per ounce and help at $1750 per ounce. At MCX, Gold June prices have close to time period resistance at Rs 47,500 per 10 grams and help at Rs 46,200 per 10 gram. COMEX silver spot has close to time period resistance at $26.80 per ounce with help at $25.20 per ounce. MCX Silver July has necessary resistance at Rs 69,800 per KG and help at Rs 66,800 per KG.(Tapan Patel is a Senior Analyst (Commodities) at HDFC securities. The views expressed are the creator\u2019s personal. Please seek the advice of your monetary advisor earlier than investing.)Get reside Stock Prices from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, Check out newest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market\u2019s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and comply with us on Twitter.Financial Express is now on Telegram. Click here to join our channel and keep up to date with the newest Biz information and updates.