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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