MUMBAI: Gold prices remained firm yesterday as the weakness in US dollar enabled the yellow metal to shine further. Dollar touched a two month low and thereby infusing confidence in Gold to test a two month high.
Gold surged to a two-month closing high on Monday, boosted by weakness in the U.S. dollar. February gold moved to $836.50, up $16 an ounce. The metal hit as high as $843.70.
MCX Gold contract for benchmark expiry closed the day at Rs 12891 per 10 grams up Rs 91. Supports for the contract are at 12795. Resistances for the day are at 12995.
