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21-02-2024 10:25 AM | Source: Kedia Advisory
Buy Gold Apr @ 62000 SL 61800 TGT 62250-62450. MCX - Kedia Advisory
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GOLD
Observation
Gold trading range for the day is 61790-62450.
Gold gains getting a lift due in part to China dropping key interest rates for mortgages.
Physical gold premiums in India rose to more than four-month highs as demand picked up.
The demand for gold in India, is expected to increase to 800-900 tonnes in the calendar year 2024
Traders are also looking forward to release of the minutes from the last FOMC meeting of Fed.
BUY GOLD APR @ 62000 SL 61800 TGT 62250-62450. MCX
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