MCX
Gold gained 0.3 percent by taking tracing movements of spot gold
firmness. INTRADAY TARGET. Gold prices also gained due to demand from buyers as
festive season is on. MCX Gold prices touched a high of 31163/10gms
and closed at 31140/10gms in yesterday's trading session. Globally
Gold prices gained 0.1 percent following strong economic data from US
economy. Weakness in dollar index DX also resulted in gains of gold
prices. It touched high of $1,753.20/ounce and closed at
$1749.69/ounce.
MCX Gold Levels for Today
Support
– 31066, 30992, 30944
Resistance
– 31188, 31236, 31310
MCX
Silver prices gained 0.9 percent following silver prices globally.
MCX Silver prices touched intraday high of 60,640/kg and ended at
60,574/kg in yesterday's trading session. Global silver prices ended
0.7 percent taking cues from spot gold. Weakness in DX also supported
upside in Silver prices on Wednesday. It touched a high of $33.25 per
ounce and closed at $33.16/ounce in yesterday's trading session.
MCX Silver Levels for Today
Support
– 60209, 59844, 59629
Resistance
– 60789, 61004, 61369
MCX
Gold and Silver prices are expected to remain firm today with demand
from buyers during festive season and depreciation in Indian rupee.