Fed is eyeing global headwinds and a status quo on the historically low interest rates is likely to be a positive factor for Gold after the recent spate of weakness in the metal.
On the higher side Rs 31,100 and 31,200 per 10 grams are the cap to watch out for.
The MCX precious white metal is currently up Rs 873 and the yellow metal is also up Rs 220.
On the higher side Rs 31,000 and 31,050 per 10 grams are the cap to watch out for.
Markets are likely to see some moderation today as traders eye the FOMC statement to be released later on tonight.
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