Gold Still Bullish In Comex, Strong Rupee Pressurize Domestic Prices : The undertone for Gold prices still looks bullish in international market even as some choppy sessions has been seen in between. COMEX Gold contract for February expiry was trading at $ 1214 per troy ounce, up $ 4 per troy ounce. The US employment data brought gains in Gold contract. However , some selling was seen in domestic market. Indian Gold contract was last seen at Rs 28444 per 10 grams, down Rs 125 per 10 grams. Gold and silver prices rose to the highest levels of the session after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 21 declined by 42,000 to a seasonally adjusted 338000.
MCX Gold Mini Updates:
Current prolific selling bias probably to endure towards the downside objective of 29200/29040. Though, perpendicular rise above 29500 region could enrich intraday buying sentiments towards 29590/29680.
MCX Silver Mini Updates:
Prices still fixed in a price range of 43800-45200. Prices need to make perceptible trades above or below the noted region to anticipate fresh directional move. Else, would mostly trade in the suggested region.
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