MCX
Gold Target –
Support
: 29212, 29138, 29094
Resistance
: 29330, 29374, 29448
MCX
Gold Trend : MCX Gold
August contract closed around same levels as around in previous week.
Due to depreciation in Indian rupee result MCX prices to close on
positive note at 29,277/10gms after touching high of 29,370/10gms
during the week. Spot Gold prices declined by 0.4% in last week
backing strength in dollar index with some negative market
sentiments.
Gold
holdings of SPDR gold trust, the largest ETF backed by the precious
metal, declined to 1,257.05 tons, as on July 19. Silver holdings of
ishares silver trust, the largest ETF backed by the metal, declined
to 9,696.71 tons, as on July 13.
CLICK HERE FOR MORE MCX GOLD TIPS FOR NEXT SESSION
CLICK HERE FOR FREE MCX COMMODITY TIPS FOR TODAY
