Commodity Online MUMBAI: Gold prices are performing stable both in the spot and futures markets on Monday thanks to Akshaya Tritiya, an Indian festival, during people buy more precious metals coupled with the weak opening of Asian equities.
MCX June Gold futures are up Rs 92 at Rs 14716 per 10 grams and have hit a high of 14765. The initial resistance comes around 14800 and next at 14830 levels.
Receive $25 free with a Forex Micro accountCOMEX Gold front month contract is trading up $ 2.2 at $ 916.3 per ounce. It has got stiff resistance at 920 and 922.
In the domestic markets the physical demand for gold will boost today with the auspicious occasion of 'Akshaya Tritiya'. Following this the gold imports in India improved in April and according to Bombay Bullion Association, Indian imports were around 15 tonnes between April 1-April 15 against lower imports in the previous months.
