MCX
Gold : Last week MCX Gold contract gained by 0.4% and closed at
29,905/10gms on Friday. Appreciation in Indian rupee helps in sharp
gaining in prices of MCX Gold. Spot Gold prices declined by 1.2
percent in the last week. Gold touched a low of $1548.49 during the
week and closed at $1603.80 in the last week.
Gold
Support and Resistance-
Support
– 29829, 29753, 29655
Resistance
– 30003, 30101, 30177
MCX
Silver : MCX Silver
prices gained by 0.2 percent and closed at 53,317/kg on the Friday
after touching high of 54319/kg in last week. Spot Silver prices
gained by 0.3 percent. Silver touched high of $28.37 in last week and
closed at $27.80.
Silver
Support and Resistance -
Support
– 52873, 52430, 52152
Resistance
– 53594, 53872, 54315
In
today's trading session it is expected that appreciation in Indian
rupee will help sharp gains in prices in MCX and globally precious
metals are expected to trade sideways.
