Live Gold Trend
Gold is on three years low, while Spot gold down nearly by 9 percent this week. Gold future also declined with international market price. Gold can recover on friday by 1-2% as per our analysis.
Spot gold was down 0.5 percent at USD 1,271.16 an ounce by 0121 GMT on Friday. The metal fell to USD 1,269.04 earlier - its lowest since September 2010 and a level which would mark the worst weekly decline in 30 years. Mean while the drop in prices could see a spurt in physical demand in top consumers India and China, which have been quiet recently.
Gold can buy from 26950 for 2-3 days hold, for target 27200 to 27450.