MCX
Gold October contract trading at 31332
down 135 around 11am. GOLD TREND. The Gold prices touched intraday
high 31421.00 and intraday low of 31302.00. In October series Gold
prices have moved up 2382.00 so far.
MCX
Gold December contract was trading at 31707.00 down 133. It touched
intraday high of 31730 and intraday low of 31685. GOLD TIPS. In
December series gold prices moved up by 2407.00.
MCX
Gold February contract was trading at 32066 down 152 and touched
intraday high of 32087 and intraday low of 32055. In February series
Gold prices moved up by 871.00.
Experts
believes that rally in precious metals is expected. Spot prices
increased by 0.5 percent. Positive US economic data also helped in
sharp gains in gold prices alongwith weakness in US Dollar index DX.
The spot gold touched high of $1.695/oz and closed at $1.700.9/oz in
yesterday's trading session.
Sell
MCX Gold October contract around 31,480-31,485/10gms with stop loss
of 31,580/10gms. Experts are expecting targets on the downside to the
levels of 31,300/10gms.