EPIC RESEARCH MCX Gold UPDATE OF 23 October 2018

Gold trading range for the day is 31754-31986.

Gold prices traded in range as shares fell amid rising political tensions and worries over slowing global economic growth.

The Italian government expects the European Commission to decide for the first time ever to ask a member state to revise its draft budget.

Russia’s gold reserves stood at 65.5 million troy ounces as of the beginning of October, the central bank said.

A key festival brought little activity to the physical gold market in India last week as purchases remained significantly lower than normal.

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