MCX Gold Trend For Today

MCX Gold June delivery contract rose by 0.80 percent to 22200 rupees per 10 grams on a weaker dollar, after suffering its worst weekly loss since 2009, while U.S. silver futures rose nearly 3 percent as investors took advantage of last week's free fall in prices to enter the market.

On this week's data schedule, the US is due to release its April consumer price data, which may shed light on the future moves in monetary policy by the central bank, as market speculation mounts on what the Fed Res might do after the stimulus package rolls off in June.

For now, Gold is getting support at 21920 and below it may test levels of 21850. On above side resistance looks at 22120 and above could see price testing 22250 levels.