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For intra-day, resistance for the commodity is seen at 27400 level while support is at 26700 and 26500 levels. Traders may buy at lower levels. MCX gold for August delivery was seen trading up by 1.60% at Rs.27131 per 10 grams as of 02.24 PM IST on Monday.....
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Commodity Updates:
The trend in NCDEX August delivery is negative. Short covering is expected at current levels. Traders are advised to sell on rise for the day. NCDEX mustard seed for August delivery was seen trading up by 0.24% at Rs.3368 per 100 kgs as of 10.54 AM IST on Tuesday...
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We expect spot gold prices to trade on the positive note on the back of weakness in DX. Gold prices have slumped 23% in the second quarter of the current year, a decline unprecedented on many counts. Since 2001, the commodity has been on a bullish course before a slump gripped it on November last year....
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