09-Dec | Global commodity check at 9:50 am
Silver is the top loser, while Copper is the top gainer so far.
Oil has been gaining after OPEC agreed on 30 November to reduce production by 1.2m barrels a day from 1 January.
MCX Gold February futures closed down 0.57 percent at Rs 27,750 per 10 grams.Local spot prices are approaching their two year lows and buying can pick up soon if this level holds on for a while.
On the higher side Rs 400 and 402 per kg are resistances while on lower side Rs 388 per kg is the support.
On the lower side Rs 3,300 and 3,250 per barrel are the noted supports.
09-Dec | Technical comment for the day: Gold
Further losses from here can take yellow metal towards INR 27,700 and 27,650 per 10 grams.
08-Dec | Global commodity check at 10:20 am
Natural Gas is the top gainer, while Gold, Silver, Crude Oil are flat.
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Global commodity check at 9:50 am