MCX Gold and Silver Tips For Week

MCX Gold prices increased by 0.4 percent last week. Spot Gold prices closed by 0.1 percent lower on Friday. It touched intraday low of $1589/oz and closed at $1615.3/oz. Gold prices was influenced by many factors like strength in US Dollar index and also from weak economic data from China. Experts believes that in coming week in MCX market appreciation in Indian rupee may restrict gains in Gold prices while Spot gold may trade sideways taking cues from US Federal Reserve policy.

Experts Recommendation – Buy MCX Gold October between 30,080 and 30,060 with stop loss of 30,000 and target of 30,250/30,350.

MCX Silver prices increased by 0.2 percent due to depreciation in Indian rupee while Spot Silver prices declined by 0.1 percent last week with touching weekly low of $27.5/oz and closed at $28.05/oz . MCX Silver closed at 53,610/kg after touching high of 53,890/kg. Silver prices were affected by mixed global market sentiments.

Experts Recommendation – Buy MCX Silver between 53,350 and 53,300 with stop loss of 52,900 with target of 54,230.

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MCX GOLD SILVER TIPS FOR TOMORROW

Get Tomorrow’s MCX Gold and Silver Tips. Also catch tomorrow MCX market trend and effect of global events on MCX Gold and MCX Silver. Get MCX Gold Silver support and resistance levels for tomorrow and gain profits. Today MCX Gold prices moved up due to depreciation in Indian rupee and expected to trade sideways in evening session. Globally Gold also gained prices due to positive response to cut Euro zone debt crisis. MCX Silver prices also gained by 0.05% due to depreciation in Indian rupee and internationally Silver gained by 0.15 percent. Good response to solve Euro zone debt crisis helping in moving Gold and silver prices up globally.

Gold Silver Live Rate, Support & Resistance For Today

Gold -

R4 – 30132.1, R3 – 30038.5, R2 – 3004.5, R1 – 29982.1

PP – 29839.7, S1 – 29750.1, S2 – 29727.8, S3 – 29693.9, S4 – 29600.7

Buy Gold only above 30038.5 with Stop Loss of 297.50

Silver -

R4 – 356528.1 , R3 – 55651.8 , R2 – 55333.4 , R1 – 55123.9

PP – 53980, S1 – 53852.2 , S2 – 53643.5 , S3 – 53326.5 , S4 – 53326.5

Buy above 55651.8 with Stop Loss of 53852.2

Gold Silver Live Rate

Gold (5 June) – Rs 2980.00/10 gms

Silver (5 July) – Rs 54134.00/kg

Gold edged lower on Monday after posting its biggest rally in more than three years in the previous session, when dismal U.S. jobs data fulled speculation about further monetary easing and burnished gold's appeal as a hedge against inflation. The surprisingly weak U.S. employment data added to the gloom over the global economy, just as the euro zone appears to be sinking deeper into the debt crisis and China's growth slows. Gold broke ranks with riskier assets on Friday and rose 4 percent , propped up by rekindled expectations of further monetary easing by the U.S. Federal Reserve. 

MCX Silver Tips | MCX Tips - 27th February 2012

MCX Silver Tips for Today

MCX SILVER February contract was trading at Rs 56236.00 down Rs 252.00, or 0.47% and it touches intraday high of Rs 56748.00 and an intraday low of Rs 55161.00. Thus 41681 contracts have been traded.MCX SILVER April contract was trading at Rs 56468.10 down Rs 229.00, or 0.40 and touched an intraday high of Rs 57935.10 and an intraday low of Rs 56361.00. So far 2662 contractsMCX SILVER February contract was trading at Rs 56236.00 down Rs 252.00, or 0.47% and it touches intraday high of Rs 56748.00 and an intraday low of Rs 55161.00. Thus 41681 contracts have been traded.MCX SILVER April contract was trading at Rs 56468.10 down Rs 229.00, or 0.40 and touched an intraday high of Rs 57935.10 and an intraday low of Rs 56361.00. So far 2662 contracts.

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