Gold Silver Support Resistance for Today

Gold - 
Support - 30254, 30192, 30099
Resistance - 30409, 30502, 30564

Silver - 
Support - 55093, 54877, 54640
Resistance - 55546, 55783, 55999 

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 and Silver Tips For Today

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

MCX Gold Tips and Levels For Today

MCX Gold Tips : MCX Gold prices gained by 1.7 percent and closed at 29,776/10gms on Friday after touching high of 29,884/10gms. Experts believes that appreciation in Indian rupee helped in gains in prices. Sport Gold prices gained by 2.5 percent during the last week. Weaker DX also was the factor for upside in the prices. Gold touched high of 1,629.10 in last week and closed at 1,623.44 in last trading session of the week.

Sell MCX Gold around 29,800/10gms with stop loss of 29,920/10gms for target of 29665/10gms.

Gold Support and Resistance for Today:

Support : 29736, 29676, 29602

Resistance : 29870, 29944, 30004

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MCX Gold Silver Tips & Trend For Today

MCX Gold Tips : Experts believes that Gold prices are likely to move upwards around 30,550/10gms so it will be better to buy Gold Rs 30,200/10gms with a stop loss of Rs 30,050/10gms with a target of Rs 30,500-30,550/10gms.

MCX Silver Tips : Go Long on MCX Silver July at levels around 54,750/kg to about 54,850/kg with a stop loss of around Rs 54,500/kg and target levels of about 55,400 to 55,700/kg.

Gold Silver Resistance Support Levels For Today

Gold -

Support – 30102, 29990, 29827

Resistance – 30377, 30540, 30652

Silver -

Support – 54077, 53690, 53130

Resistance – 55024, 55584, 55971

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.