CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26600 R1-26300 S1-25800 S2-25500
Gold dropped after Indian Commerce Ministry has proposed to cutback the prevailing high gold import duty structure.Gold prices have fallen notably in recent sessions due to expectations for U.S. recovery to continue to gain steam and prompt Fed to raise interest rates.
India needs to "rationalise" duty on gold imports, which plunged 72 percent in May.
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