MCX Gold prices open with a down opening, which is likely to find support at 27900 region for a limited pull back. However, break below 27880 could elicit major selling pressure towards 27820 / 27700 or even lower towards 27620. Alternatively, break above 28120 region could see prices targeting 28220/340. As the market is closed for now it is expected from gold that gold will gain more in the upcoming time. MCX silver, which occupies a middle ground between industrial metals like copper and investment vehicles like gold. The Gold and silver is expected to increase for the upcoming session.
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