Gold, which lost nearly 4% in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). The yellow metal closed at $893 on Friday, losing nearly $35 since Wednesday after the outcome of the Group of 20 meeting.
Domestic prices as reflected by the most active June contract on Multi Commodity Exchange (MCX) lost more than Rs 550 per 10 gms during this period to close at Rs 14525 on Friday.
100 DMA: $875 (yellow line)
Domestic prices as reflected by the most active June contract on Multi Commodity Exchange (MCX) lost more than Rs 550 per 10 gms during this period to close at Rs 14525 on Friday.
100 DMA: $875 (yellow line)
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