Monday, July 16, 2012
MCX Bullion Trend & Tips
MCX Bullion Trend :MCX Billions market is expected to remain volatile. Global cues will provide further provide direction to the Bullion market. Investors are also watching movement of Rupee which moving in range of 55-57. MCX Gold can trade in range of 29,000-30,000 while Comex Gold can trade in range of 1,545 – 1610 USD in near term. MCX Silver can trade in range of 51500-56500 and in Comex can trade in range of 25-28.50 USD. India's demand for Gold may remain subdued due to weak local currency. Indian is largest consumer of Gold. Good Monsoon will also be positive for Gold.