MCX
Gold closed at 30016 after touching weekly low of 30827/10gms
last week. MCX Gold October contracts fell 0.9 percent taking cues
from global gold prices. The Spot gold had weekly low of $1,689.39
and closed at $1,710.74 last week. Spot Gold prices declined 0.6
percent last week.
MCX
Silver prices fell 0.4 percent last week and closed at 59,449/kg
last week after touching weekly low of 58,841. Spot Silver prices
floated between gains and losses and settled 0.1 percent higher last
week. Strength in DX also exerted downside pressure on Silver prices.
It touched weekly high of $ 33.03/oz and closed at $32.05/oz on
Friday.
In
today's Trading session Gold and Silver expected to get upside trend
due to depreciation in the Indian rupee. Global precious metals are
to trade with upward bias taking cures from mixed global market
sentiments.
MCX Gold Levels for Today
Support
– 30991/30886, Resistance – 31130/31234
MCX Silver Levels for Today
Support
– 59550/59040, Resistance – 60155/60680
