MCX Gold and Silver market shows down trend today. Gold
prices are expected to remain lower in near future because of strength of US Dollar
against other major currencies. But light buying of gold is initiating by
traders, who want to increase their stock for upcoming festivals. The series of
festival will start in India, the
biggest consumer of Gold in 2011.Traders would also eye on progress of mansoon
rains for better farm productivity,
yields and profit.
Gold M 04 Aug 2012
contract traded at 29,280.00 downs -0.56%.
Gold petal 31 Jul 2012 contract traded at 29,45.00 downs -0.54%.
Gold Guinea 31 Jul 2012 contract traded at 29,483.00 downs -0.59%.
Silver Live Quits
Silver at MCX slipped today. Silver price hits at lowest level in this week.
Silver Micro 31 Jul 2012 contract traded at 52,484.00 downs -0.39%.
Silver M 31 Jul 2012 contract traded at 52,477 downs -0.39%.Silver at MCX slipped today. Silver price hits at lowest level in this week.
Silver Micro 31 Jul 2012 contract traded at 52,484.00 downs -0.39%.
Silver 05 sep 2012 contract
traded at 52,442 downs -0.39%.
Gold Silver Tips for TodayMCX Gold August : Sell around 29280 levels with a stop loss placed above 29400 levels for targets of 29120 levels.
MCX Silver September : Buy around 52400 levels with a stop loss placed below 52000 levels for targets of 53100 levels.
0 comments:
Post a Comment