Gold volatility is impacted by currency moves. The pressure in the dollar price of gold has increased in the global market. The gold in the domestic market is weak rupee. Getting heavy volatility in the currency market. Dollar have slipped 14 years is the upper level. The rupee has helped the rupee to recover robustly trades.
The pressure in the dollar in the global market, gold is shining. The initial drop in the domestic market, gold is down. But in the domestic market rupee appreciation pressure on gold prices. MCX gold with a slight decline of 0.1 percent is trading at Rs 27755.
MCX Gold Trading range for the day is 27311-28057 for Today. You can Buy Gold for Intraday Trading and target 27850.