MCX
Gold prices followed the spot gold trend and settled around 0.2
percent higher yesterday. The main factor for sharp gain in MCX gold
prices was appreciation in Indian Rupee. On Thursday Gold prices
touched intraday high of 29980/10gms and closed at 29967/10gms. Spot
Gold prices traded firmly due to positive sentiment that bankers
might take possible steps for good economy trend. Strength in DX also
helped spot gold prices to sharp gains. Yesterday Gold touched
intraday high of $1618.11/oz and closed at $1617.09/oz.
MCX
Gold (Oct) Levels For Today -
Support
– 29900, 29800
Resistance
– 30020, 30080
Spot
Gold Levels -
Support
– 1609, 1604
Resistance
– 1616, 1619
MCX
Silver prices were restricted due to appreciation in the Indian
rupee. MCX Silver also traced spot silver prices and ended 0.2
percent higher yesterday. MCX Silver touched intraday high of
53,608/kg and closed at 53512/kg in yesterday's trading session. Spot
Silver also traded firmly tracing strength in gold prices. Strength
in DX also results in sharp gains in spot silver prices. Yesterday
spot silver touched intraday high of $21.8/oz and steeled at
$28.03/oz.
MCX
Silver (Sept) Levels For Today -
Support
– 53300, 53100
Resistance
– 53650, 53800
Spot
Silver Levels -
Support
– 27.87, 27.76
Resistance
– 28.05, 28.13
