Thursday 12 July 2012

Commodity updates, MCX Gold, Silver live quotes and trading tips


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  05 sep 2012 contract traded at 52,442 downs -0.39%.
Gold Silver Tips for Today
MCX 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.

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