Bullion counter can open higher following firm worldwide markets after dovish remarks by Fed Chairman in the midst of decrease in greenback.
Greece obligation concerns will keep on supporting the yellow metal. In the mean time development of nearby cash rupee will influence bullions in MCX. Gold can move in scope of 26850-27200 in MCX, according to SMC Global examination.
MCX Gold was moving 0.22 for every penny up to 26939 level on Thursday(11.38 am).
Gold turned higher on Wednesday, after the Federal Reserve said the U.S. economy is likely sufficiently solid to bolster a premium rate increment before the end of 2015, bringing about the dollar to expand misfortunes.
The U.S. economy, in the wake of contracting in the first quarter, is currently on track to become between 1.8 percent and 2.0 percent this year, as indicated by the national bank's most recent approach explanation and new projections issued by Fed policymakers.
Desires for a premium rate trek this year and a more grounded dollar have weighed on the cost of gold in the course of recent months, as this would build the open door expense of holding the non-enthusiasm bearing resource
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