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Gold, Technical Comment For The Day

Gold, Technical Comment For The Day

Gold moved higher and ended the day at Rs 26466 per 10 grams, 1.51%. Gold was also the most active contract in the commodities space. The previous closing price for Gold is Rs 26245 per 10 grams. The volumes for Gold were 16718. Further gains in Gold cannot be ruled out as the prices are now experiencing bottom fishing rally. Further gains in Gold can take the prices near to Rs 26700 per 10 grams. Supports for the contract is at Rs 26200 per 10 grams.

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