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pawansonic
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Everything posted by pawansonic
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Gold in India is expected to move up as demand from wedding season and expected weaker rupee later can push the prices higher. Gold for February delivery on the Multi Commodity Exchange (MCX) was 1.37 percent down at INR 31500/10gms. After hitting the high of INR 31,570/10gms. MCX SILVERMIC Apr agreement was dealing at Rs 65128.00 down Rs 165.00, or 0.25%. The SILVERMIC amount moved an intraday great of Rs 65322.00 and an intraday low of Rs 65025.00
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old costs are trading above $1752/oz with a minor obtain of more than 0.50% in Globex. The information on Greece aid plan stimulated a trend of comfort purchasing across asian stocks markets on sentiments that Greece will avoid a messy standard and quit from the euro-zone for now.
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Gold costs stayed back last night. These days costs have support at $1728 i.e. Rs.31980 and purchasing can be seen there. On greater side costs can focus on $1739 i.e. Rs.32150.
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Commodities are on the upswing in overnight trade amid a broad-based recovery in risk appetite. The MSCI Asia Pacific regional benchmark index is up over 1 percent, pulling sentiment-anchored crude oil and copper higher while offering de-facto support to gold and silver by way of ebbing haven demand for the US Dollar.
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MCX CRUDE OIL - Sell at 4654, Stop loss 4667, Target 4621. MCX COPPER - Sell at 414.50, Stop loss 416, Target 411.
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MCX Gold - Gold futures traded favorably & shut a little bit higher, after its past session's 2% drop, but strength in the US money & lower objectives of more stimulation from Federal Reserve's restricted major profits in the precious metal. silver trading mcx
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MCX GOLD - Buy at 31080, Stop loss 31030, Target 31170. MCX SILVER - Buy at 60200, Stop loss 59800, Target 60440.
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MCX GOLD - Sell at 31020, Stop loss 31075, Target 30930. MCX SILVER - Sell at 59340, Stop loss 59540, Target 59100.
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MCX SILVER DECEMBER : - For the next 7 days we anticipate silver costs to find support around 60000 levels. MCX GOLD DECEMBER : - For the next 7 days we expect gold costs to discover support at 30900 – 31000 levels and further below powerful support is seen at 30500 levels.