Gold
and silver were trading nearly 1 % top in in the early hour’s trade on today
amid buy from jewelers and industries. On the Multi Commodity Exchange (MCX),
gold was trading 1 % high at Rs 28,200 per 10 gram, while silver was trading
0.80 % higher at Rs 40,020 per kilo gram.
Gold imports live stable at around 100 tonnes in Nov despite a fall in jewellery sales due to a cash crunch post demonetisation.
The
yellow metal plunged by Rs 430 in spot markets on Thursday following sustained
selling by stockists amid bearish international markets.
For Friday, Rs 27,900 and 27,600 per 10 gram will act as the major support levels whereas Rs 28,500 and 28,900 levels will act as major resistance levels for gold."
For Friday, Rs 27,900 and 27,600 per 10 gram will act as the major support levels whereas Rs 28,500 and 28,900 levels will act as major resistance levels for gold."
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