MCX Gold rose in last week as the U.S. Federal Reserve chairman raised hopes that the central bank could consider further stimulus measures to fight high unemployment.
On weekly basis, MCX Gold October fell sharply lower breaking the previous weeks low, but recovered sharply from 25500 rupees and spring back near weekly higher levels.
MCX Gold October delivery contract fall by 1.81 percent to 26981 rupees per 10 grams on Monday morning. Gold expected to trade in range of 26800 to 27500 rupees in ongoing week.
On weekly basis, MCX Gold October fell sharply lower breaking the previous weeks low, but recovered sharply from 25500 rupees and spring back near weekly higher levels.
MCX Gold October delivery contract fall by 1.81 percent to 26981 rupees per 10 grams on Monday morning. Gold expected to trade in range of 26800 to 27500 rupees in ongoing week.
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