Yesterday Gold fell Rs 160, to Rs 28,340 per ten grams at Delhi`s bullion market, on Thusrday, on emergence of selling by stockists, upon weak global cues. But silver added Rs 150 rupees, to Rs 64,500 a kilo.
In the global markets, gold fell 0.8%, to USD 1,768 an ounce. Gold dropped after the US Federal Reserve pledged to buy long-term debt worth USD 400 billion, pushing up the American currency.
Here are Technical Levels For Gold (Oct)
TREND | Consolidate |
RESISTANCE 2 | 28600 |
RESISTANCE 1 | 28250 |
SUPPORT 1 | 27600 |
SUPPORT 2 | 27250 |
STRATEGY | Buy on dips |
