AHMEDABAD (Commodity Online): For the last one month, Gold rally witnessed roller coaster move of 300 to 500 rupees movement in every day. Gold future is having wide trading range of 25500 to 28300 from last few days.
In international market, Gold is trading steady above 1800 US dollar. Gold prices are at half way point of 1500 dollar to 2000 dollar. Long term target for Gold sets above 2000 dollar till this year end.
Gold futures opened steady with a positive bias on Monday morning as Asian equity market opened in red. European market also stay negative for days which help Gold and Silver prices to stay at higher range of week.
According to Amrita Mashar, analyst with Commodity Online, market has been a bit choppy today due to US market Holiday. Few sold Gold to book profit earlier and many are waiting for cues for further stimulus from the Fed and further low in Gold prices.
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