The March level marked the highest since December 2000.On the further movement of gold, Angel Broking in a note said, “We see some profit taking in the recent trading sessions as investment demand has gained in the past few days with inflows in the SPDR gold trust and uncertain global environment adding further push.”Nirmal Bang Commodities said, “Gold prices are expected to correct till Rs 28,750-28,700. Traders can sell with a stop loss above Rs 29,070. Silver prices are also expected to fall on Wednesday. One can sell the white metal with a strict stop loss above Rs 42,600. Prices are expected to test Rs 42,000-41,800 per 1 kg.”Latest holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, which is considered a gauge of investment demand, reported an outflow of 1.8 tonnes on Tuesday.

Source: Economic Times March 29, 2017 05:15 UTC