MCX
Gold were up by 0.6 percent and closed at 31,070/10gms after
touching high of 31,110/10gms after depreciation in Indian rupee is
seen in yesterday's trading session. MCX TIPS. Spot Gold
prices ended mixed 0.4 percent down due to weak global market data.
Strength in DX also results in pressure of spot Gold prices.
Yesterday Spot Gold touched a low of $1,662.59/ounce and settled
around $#1,663.60/ounce.
MCX
Gold Levels For Today -
Support
– 30990/30880
Resistance
– 31150/31220
MCX
Silver were up by 1.9 percent due to depreciation in Indian rupee
and closed at 58039/kg after touching a high of 58445/kg in
yesterday's trading session however Spot Silver prices declined by
0.3 percent by tracking gold prices weakness and DX strength. Mixed
global markets also results in variation in Silver.
MCX
Silver Levels For Today -
Support
– 57800/57400
Resistance
– 58300/58600
Experts
believes that in today's trading session depreciation in Indian rupee
might be factors for sharp fall in prices in precious metals in MCX
while in Global market it is expected to trade them sideways with
bearish notes due to weak global market sentiments alongwith strength
in DX.
