MCX Gold February futures are trading flat at Rs 28,570 per 10 grams after hitting a high near Rs 28,700 levels.
MCX Gold futures closed around Rs 28,570 per 10 grams yesterday, sliding 0.8 percent on the day. Expect a steady recovery in the futures today.
The prices also surpassed INR 28,571 per 10 grams which means that further appreciation will remain active.
The MCX precious white metal is now down Rs 592 and the yellow metal is also down Rs 211, respectively. The Indian rupee is quoted at 68.17 as against the US dollar.
On lower side, Gold will be supported at Rs 28,700 per 10 grams.
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