Gold futures maintained to acquire marginal momentum in the Asian trades. The decline of US dollar and surge of crude oil futures have supported the gold prices to take an upwards trend.
However, the movement is very sluggish in gold today despite dollar loosing more than 1 percent against the Euro and 2 percent against the Yen and oil trading up nearly $2 per barrel.
COMEX December gold futures are trading up $ 4.2 at $ 744.7 per ounce in the electronic session today. A fall below 836 levels may act bearish for the counter today.
MCX Gold upfront month contract is trading up Rs 18 at Rs 11983 per 10 grams. A dip below 11990 Marks again may result in further losses in the counter.
