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Technical Comment For The Day: Gold

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Money Market Guru — Technical Comment For The Day: Gold — The prices of refined Gold gained by more than 0.55% in a single session to end the day at Rs 28860 per 10 grams. The session was holiday thinned. Gold tested a high of Rs 28963 per 10 grams while a low of Rs 28816 per 10 grams was tested.

Selling Intensifies In Sugar, Global Prices At One Year Low

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Money Market Guru — NCDEX Sugar futures have taken a heavy tumble after the recent gains as poor global cues and profit selling have hurt the sentiments. The NCDEX Sugar futures for May are down 1.21% to Rs 3770 per quintal. The counter had hit a near one month high above Rs 3800 levels earlier this week. Meanwhile, the demand remains steady in local cash markets and thinning supplies can buttress prices in near term.

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