Higher trade deficit on the back of sharp spike in Gold imports ring alarm bells.
The MCX Silver Dec futures are currently at the highest point of the day with a gain of Rs 222.
The MCX Gold Dec futures have now gained over 0.5 per cent, and have now witnessed trades of around 1,646-odd lots.
The MCX Gold Dec futures need to clear its 50-DMA, and as well as the higher-end of the Bollinger Band on the Daily charts for fresh gains.
The Gold spot rate is trading lower by 0.2 per cent.
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Gold jumps above 200-DMA