Gold futures have surged amid these cues and currently trade at Rs 28,752 per 10 grams, up 0.78 percent on the day.
Gold futures also shot up following the upmove in global prices and ended at Rs 28,530 per 10 grams.
17-Jan | Global commodity check at 10:00 am
US Soybeans, US Corn, Gold and Silver have gained, while Copper has declined.
The prices have been swinging upwards on the back of better Chinese economic prospects.
On the lower side Rs 3,596 and 3,552 per barrel are the noted supports.
17-Jan | Technical Comment For The Day: Gold
If gains occur from here it can take yellow metal towards INR 28,600 and 28,650 per 10 grams.
On the higher side Rs 403 and 405 per kg are resistances.
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