Gold Updates Today: 12 April
Gold prices gained in the intraday trades on MCX. The prices closed at Rs 29320 per 10 grams on 11 April 2016, against Rs 29117 per 10 grams on 8 April 2016. All important levels at Rs 29000 per 10 grams have been broken by Gold last week indicating further consolidation. The revival of Gold above Rs 29000 per 10 grams is expected to bring further gains in the yellow metal. Long term resistances for Gold are at Rs 29700 and 29850 per 10 grams. Supports are emerging at Rs 28800 per 10 grams. The prices tested a low of Rs 29135 and a high of Rs 29400 per 10 grams.
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