Gold prices ended lower, as uncertainty over Greece negotiations dented the buying sentiment.
In this regard, Greek Prime Minister and top party leaders have failed to reach a final agreement yet on austerity measures, which are prerequisite for receiving the next round of aid from European Central Bank, the European Union and the International Monetary Fund, which is helping Greece in averting default on its debt.
Meanwhile, Greece has agreed to cut the minimum wage by 22% as part of reforms required for a new bailout, but left the issue of supplementary pensions unresolved.
COMEX Gold (Apr)
Price indication: Prices have support at US$1,732/ounce and resistance at US$1,743/ounce.
MCX Gold (Apr)
Price indication: Prices have support at Rs28,125/10gms and resistance at Rs28,400/10gms.
Courtesy: IIFL
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