AHMEDABAD – MCX Gold December contract prices eased on Wednesday after gaining force for two consecutive days as the U.S. reported better than expected unemployment claims and consumer spending numbers.
MCX Gold December contract witness some weakness at higher levels and investors turned to profit booking at higher levels. MCX Gold December contract tested the same high as a couple weeks back, but not breached.
MCX Gold December contract hit an intraday high of Rs 20,413 per kg and last traded at nearly 20,350 per kg from Rs 50.00 against yesterday’s close. Support in MCX Gold December contract can be seen at Rs 20,060.
Technical range for MCX Gold December contract “20060-20630″ said Tarang parmar, Research Analyst, Commodity Online.
source:commodityonline
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