Mumbai, Dec 11 (IANS) Gold prices inched up on Friday morning, while silver slipped as traders booked profits after the metal hit a fresh record high on the MCX.

During early trade, MCX gold futures for February were trading 0.10 per cent higher at Rs 1,32,599 per 10 grams.

“MCX Gold has broken out to lifetime highs, trading near Rs 1,32,776 inside a tightening ascending wedge with firm support at Rs 1,31,400,” analysts stated.

“The next resistance zone opens the momentum leg toward Rs 1,34,000 and above,” they added.

In contrast, MCX silver futures for March were down 0.50 per cent at Rs 1,97,951 per kg.

In the previous session, silver had touched an all-time high of Rs 1,98,814 per kg and ended the day with a strong 5.33 per cent gain at Rs 1,98,799.

Gold February futures also saw

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