Gold trading range for the day is 29102-29356.
Gold gained buoyed as a disappointing U.S. jobs report appeared to dilute the prospects for an aggressive string of interest rate hikes in US.
MCX settled up 0.44% at 29217 gained in yesterday's session as global markets absorbed weekend terrorist attacks in London and investors awaited the outcome of the ECB meeting and UK general election later this week.
U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported,suggesting the labor market was losing momentum.
Indian Rural Gold demand will be good as good monsoon, rise in MSP's, rural employment guarantee scheme and waiver of farm loans will support demand.
Technically market is getting support at 29159 and below same could see a test of 29102 level, And resistance is now likely to be seen at 29286, a move above could see prices testing 29356.
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