Gold futures jumped on the MCX after testing lows near Rs 27,900 mark. The counter witnessed a massive surge after breaking above Rs 28,000 and ended just above Rs 28,500 per 10 grams on Friday.
Further upside is likely for the counter as traders eye the 50 day Exponential Moving Average (EMA) of Rs 28,785 as the next resistance level.
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L&T secures order worth Rs 705 cr