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Gold loans shine as portfolio nears Rs 30 lakh crore
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The white metal touched an intraday high of Rs 2,28,397 per kg, an increase of 0.35 per cent or Rs 813 compared to the previous close of Rs 2,27,584.
At the last count, it was trading at Rs 2,26,580, a decrease of 0.44 per cent or Rs 1,004.
In the international market too, COMEX gold was trading 0.36 per cent higher at $4,320 per ounce.
For MCX gold, immediate resistance is at Rs 1,50,000-1,50,700 and a break above targets next resistance at Rs 1,52,200-1,52,800, the experts said, adding that immediate support is at Rs 1,48,600-1,48,000 with next support at Rs 1,46,600-1,46,000.
Immediate support is at Rs 2,25,000-2,24,000, previously resistance now acting as support, with next support at Rs 2,22,000-2,21,000, according to them.