MCX
Gold reaches above 30,200/10gms on Monday after seeing losses
from last three days. Experts believes that positive sentiment in
Gold prices turned after gold prices gained in global markets. Demand
of Gold may boost due to Indian festivals and wedding season in
coming months.
Globally
Gold ended higher yesterday no Monday. Due to weakness of U.S. Dollar
index and firmness in crude oil prices turned market bullish for
Gold. Experts believes that Gold prices could rise this week. It is
expected that gold may test higher levels around $1.640 an ounce.
Gold prices has seen mixed position in the last week.
MCX
Gold Levels For Today
Support
: 29862, 29796, 29725
Resistance
: 29999, 30070, 30136
