Gold
-
R4
– 30132.1, R3 – 30038.5, R2 – 3004.5, R1 – 29982.1
PP
– 29839.7, S1 – 29750.1, S2 – 29727.8, S3 – 29693.9, S4 –
29600.7
Buy
Gold only above 30038.5 with Stop Loss of 297.50
Silver
-
R4
– 356528.1
, R3 – 55651.8
, R2 – 55333.4
, R1 – 55123.9
PP
– 53980,
S1 – 53852.2
, S2 – 53643.5
, S3 – 53326.5
, S4 – 53326.5
Buy
above 55651.8 with Stop Loss of 53852.2
Gold
Silver Live Rate
Gold
(5 June) – Rs 2980.00/10 gms
Silver
(5 July) – Rs 54134.00/kg
Gold
edged lower on Monday after posting its biggest rally in more than
three years in the previous session, when dismal U.S. jobs data
fulled speculation about further monetary easing and burnished gold's
appeal as a hedge against inflation. The surprisingly weak U.S.
employment data added to the gloom over the global economy, just as
the euro zone appears to be sinking deeper into the debt crisis and
China's growth slows. Gold broke ranks with riskier assets on Friday
and rose 4 percent , propped up by rekindled expectations of further
monetary easing by the U.S. Federal Reserve.
