Wednesday, August 08, 2012
MCX Gold Silver Target and Levels For Today
MCX Gold : Yesterday Gold prices declined by 0.5 percent on back of appreciation in Indian Rupee and closed at 29,767/10gms after touching low of 29,756/10gms. Spot Gold seen rangebound in prices and closed with same levels of previous day. Weakness in DEX also results in fall in prices of Gold on Tuesday.
Gold Resistance Support For Today -
Support – 29680, 29600
Resistance – 29850, 29930
MCX Silver : MCX Silver followed spot silver prices but no change in levels and settled at same levels as that of previous day. Appreciation in Indian rupee helped MCX Silver to gain price. On Tuesday MCX Silver touched intraday high of 53479/kg and closed at 53368/kg.
Silver Resistance Support For Today -
Support – 53100, 52800
Resistance – 53500, 53800
CLICK HERE FOR GOLD AND SILVER TARGETS FOR EVENING SESSION