MTECHTIPS

MTECHTIPS:-
Gold futures inched up in Asia session today after tumbling hard yesterday night hurt by
gains in the US dollar, and losses in the equity markets over the disappointing earnings
report. Gold for June delivery futures are trading $2 at $ 1642 an ounce on the Comex
division of the New York Mercantile Exchange on Wednesday. Yesterday, it ended lower by
$11.5 or 0.7%, to end at $1,639.6 an ounce. MCX June gold may open today's session near
Rs 28525 levels with resistance near Rs 28570 levels and support near Rs 28490 levels.
Yesterday, it closed higher by Rs 36 (0.12%) at Rs 28,518 per ten grams. Prices rose to a
high of Rs 28,580 per 10 grams and fell to a low of Rs 28,481 per 10 grams during the day's
tradin

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