MCX
Gold October contract closed at 31,876/10gms yesterday after
touching intraday low of Rs 31,808/10gms. MCX GOLD SILVER TREND.
MCX Gold witnessed correction in yesterday's trading session due to
appreciation in the Indian rupee. Yesterday spot gold prices gained
by 0.4 percent with back of strong global market sentiments. Weakness
in DX helped in gains in gold prices alongwith expectaion that US
Federal Reserve and Chinese government take positive steps to boost
economy created positive market sentiments. Experts believes that in
today's trading session sharp gains can be seen in MCX Gold prices
due to appreciation in Indian rupee.
MCX Gold Tips for Today
Support
– 31800/31700, Resistance – 31980/32050
MCX
Silver yesterday closed at 63,804/kg with intraday low of
63,638/kg. Appreciation in Indian rupee declined MCX silver prices by
0.3 percent. In global market spot Silver prices increased by 0.6
percent in yesterday's trading session. Overall gains in Silver
prices seen yesterday also due to upside in base metals. Experts
believes that due to appreciation in Indian rupee sharp gains in MCX
Silver prices can be seen in today's trading session.
MCX Silver Tips for Today
Support
– 63500/63200, 64100/64500
