MCX Gold futures also shot up following the upmove in global prices and currently trade at Rs 28,530 per 10 grams, up 0.5 percent on the day after hitting a high above Rs 28,600 levels in intraday moves.
Investors have grown cautious this week amid political uncertainties in the US and speculation that the rally in stocks has petered out.
MCX Gold futures hit highs above Rs 28,500 per 10 gram levels yesterday before easing and ended just above Rs 27,400 mark. The counter quotes at Rs 28,363 per 10 grams, down 0.11 percent on the day.
Further appreciation in Gold can take it towards Rs 28,700 per 10 grams.
MCX Gold futures hit highs above Rs 28,500 per 10 gram levels before easing and ended just above Rs 27,400 mark.
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In the spot currency market, the Indian unit was last seen trading at 68.2150.
13-Jan | Rupee retreats, down 16 paise
The Indian currency so far has hit a low of 68.24 as against the US dollar.
12-Jan | Rupee rebounds, up 20 paise
The Indian currency, however, has slipped 31 paise as against the euro.
11-Jan | Rupee down in morning deals
The Indian currency is now down 6 paise as against the US dollar, while has gained 18 paise per euro.
10-Jan | Indian Rupee: Off intraday highs
The currency has climbed to a high of 67.98 so far during the day.
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Technical comment for the day: Copper