GOLD LIVE TODAY
International bullion prices have started flat this Thursday morning in Asian trade after witnessing some profit booking on Wednesday. Slightly upbeat PMI and private jobs data also weighed on prices,” Sriram Iyer, Senior Research Analyst at Reliance Securities told Moneycontrol.
“Technically, MCX Gold August contract on the daily chart formed a Bearish Engulfing Candlestick which is a sign of Bearish Reversal. Gold had a volatile session where it closed on loss of more than 1 percent. Moreover, it is expected to trade in a sideways momentum in the range of Rs 48,000-48,700 levels,” he said.