Gold on MCX settled up 0.07% at 29430 while traded in the range as some global markets, including the U.S., returned from the Easter holiday weekend and others remained closed Monday, metals markets responded to the geopolitical events. Gold continue to push higher, amid concerns that tensions between North Korea and the U.S. may soon escalate.
At the MCX, gold futures for June 2017 contract is trading at Rs 29315 per 10 grams, down by 0.39 per cent, after opening at Rs 29401, against a previous close of Rs 29430. It touched the intra-day low of Rs 29278
Trading Ideas
- Gold trading range for the day is 29315-29541.
- Gold continue to push higher, amid concerns that tensions between North Korea and the U.S. may soon escalate.
- Gold imports by India may have rise in March 2017 compared to the same month last year. Jewelers could be restocking ahead of the wedding season.
- Gold trading range for the day is 29315-29541.
- Gold continue to push higher, amid concerns that tensions between North Korea and the U.S. may soon escalate.
- Gold imports by India may have rise in March 2017 compared to the same month last year. Jewelers could be restocking ahead of the wedding season.
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