Tuesday, August 28, 2012

MCX Gold Silver Tips for Today

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.