MCX Gold futures dropped near Rs 29,200 per 10 grams today and currently trade down 0.2 percent at Rs 29,234 per 10 grams.
COMEX futures linger near $ 1,290 levels
On the higher side Rs 29,700 per 10 grams are noted resistances.
The MCX yellow metal enjoying break above 29K. The commodity is now quoted at Rs 29,232 per 10 grams.
Supports for Gold will be at Rs 28,700 per 10 grams.
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In the spot currency market, the Indian unit was last seen trading at 64.64.
In the spot currency market, the Indian unit was last seen trading at 64.7225.
Increased dollar demand from importers also weighed down the currency. However, a higher opening in the domestic stock market limited the rupee losses.
In the spot currency market, the Indian unit was last seen trading at 64.4475.
Due to appreciation of the American currency overseas. Besides, a lower opening in the domestic equity market also weighed on the rupee.
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Technical comment for the day: Gold