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      Technical comment for the day: Gold

      MoM Team / Mumbai, Jan 10, 2017 09:36 AM IST

        Technical comment for the day: Gold

        Refined gold prices gained during last night. Levels of INR 28,065 per 10 grams was noticed during the closing, with an uptick of 0.64 percent.

        The prices also surpassed INR 28,000 per 10 grams which means that further appreciation will remain active. If gains occur from here it can take yellow metal towards INR 28,150 and 28,200 per 10 grams.

        On lower side, Gold will be supported at Rs 27,800 per 10 grams. The high of Gold was at INR 28080 per 10 grams and a low of INR 27,841 per 10 grams was tested during the day.

        The prices closure below INR 28,000 per 10 grams will be critical.


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      Source: Capital Market


    Precious Metals Preview: Gold sees mild buying after recent losses

    MCX Gold futures ended around Rs 28,760 per 10 grams yesterday, recording modest losses on the day.


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