After MCX futures end just under Rs 31K. The yellow metal should extend losses towards Rs 30,800 levels today.
From here the resistance for Gold is at Rs 31,450 per 10 grams, while supports are at Rs 31,200 per 10 grams.
The precious metals are currently trading at Rs 30,992 per 10 grams and Rs 43,856 per kg, respectively.
From here the resistance for Gold is at Rs 31,250 per 10 grams, while supports are at Rs 30,800 per 10 grams.
Lows near Rs 31,000 mark can trigger some buying in the counter though the overall undertone remained stressed ahead of Yellen comments.
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Technical comment for the day: Copper