MCX
Gold continued its rally and gold yesterday sets all time new
high of 31,980/10gms. MCX Gold was setting records for the last two
weeks up by 130 to 31,980/10gms.Gold Tips. Experts believes
that good buying by traders for upcoming marriage season and also
investors moving funds to bullion market from weak equity markets.
MCX Gold prices also gets supports from positive global trend as
traders were waiting results from European Central Bank meeting
related to euro-zone debt crisis results in demand for metal on the
safer side. In New York Gold prices rose by 3.60 USD to
1,696.20/ounce.
MCX
Silver lost Rs 200 to 60,000/kg as it lacks required support and
result in loss in prices while weekly delivery added 170 to
61,950/kg.
Gold Support Resistance for Today -
Support
– 31415, 31363, 31299
Resistance
– 31531, 31595, 31647
Silver Support Resistance for Today -
Support
– 61608, 61335, 61045
Resistance
– 62171, 62461, 62734
