Mumbai : Indian Gold market recovers losses and extends gain by Rs 156 in the early session Friday. The yellow metal lost by around Rs 1150 per 10 gm in this week so far amid lower crude oil price. Oil has dropped by more than $ 20 per barrel from its high and hovering around $ 125 per barrel.
The trend is still down but the market managed to trade above the trend line support. Closing above Rs 12822 the market is expected to witness momemtum to the upsides move. A pull back towards Rs 13000 is expected.
