Tuesday, July 24, 2012
MCX Gold & Silver Tips For 24th July 2012
MCX Gold August contract settled around same levels as compare to last week. Indian rupee fall results in closing MCX Gold prices on positive note at 29,277/10gms after touching high of 29,370 during the week.
Gold Support and Resistance -
Support : 29336, 29224, 29152
Resistance : 29520, 29592, 29704
MCX Silver settled at 0.1 percent after touching high of 53211 due to depreciation in Indian Rupee.
Silver Support and Resistance -
Support : 52593, 52263, 52025
Resistance : 53161, 53399, 53729
Experts believes that today precious metals are expected to trade in bearish mode due to DX strength along with bearish global sentiments. In domestic market sharp fall can be seen in MCX precious metals.
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