The highest new OI addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16000 for Puts in monthly contracts. “It may take a while to breach the 18000 barriers again but the near-term prospects of the same will stay alive as long as 17470-17400 region holds,” Anand James – Chief Market Strategist at Geojit Financial Services, said.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest