Gold prices recovered yet again in the intra day moves after a minor hiccup witnessed a day before. The overall momentum has remained positive throughout this month barring few exceptions when prices have fell down. The gains has also opened opportunity for some more buying in the metal. Further gains will take prices near to immediate resistance levels of Rs 28200 per 10 grams which is the next target in short term. During the session on Wednesday the prices tested a high of Rs 28236 per 10 grams and a low of Rs 27751 per 10 grams. Volumes were lower at 22664 against 21296 on Wednesday. The supports of Rs 27800 and 27750 is likely in short term.
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