Gold prices continued its winning spree with significant pace in the international as well as in the domestic markets. Banks holding sales of Gold and ETF increasing their portfolio of Gold have surpassed the prices beyond 14 k levels.
MCX Gold April expiry was at Rs 14230 per 10 grams up Rs 28 when last seen. The contract got benefited from the bounce in Gold contract on COMEX. Range for the contract so far has been 14150-14300 levels.
Traders will be eyeing the non-farm payrolls data from the US which can impact greenback significantly.
Today, the recession in the U.K. manufacturing sector deepened in December, with annual output plunging at its fastest rate for almost 27 years and quarterly data hitting its lowest level since U.K. factories operated a three-day week in 1974, the Office for National Statistics said Friday.
