Technical comment for the day: Gold
From here the resistance for Gold is at Rs 31,500 per 10 grams, while supports are at Rs 31,150 per 10 grams.
From here the resistance for Gold is at Rs 31,670 per 10 grams, while supports are at Rs 31,250 per 10 grams.
Prices have formed lower lows and higher highs formation this indicates further appreciation in coming days.
Precious Metals Preview: Gold sees good recovery
US Federal Reserve officials remain divided on whether to raise interest rates, the minutes of the most recent Federal Reserve meeting showed Wednesday.
On the higher side Rs 31,550 and 31,600 per 10 grams are the cap to watch out for.
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Global commodity check at 9:55 am