MCX
Gold prices yesterday increased all time high of Rs. 32,950/10gms on
solid demands from stockists and retailers for fulfilling the rising
requirements for wedding season. The previous all time high of Gold
prices was Rs 32,900 seen on September 14. Experts says that the
reason for turning Gold demand Bullish is due to ongoing wedding
season and rupee weak strength against US dollar.
The Indian rupee
declined to 55.61 against dollar demand from banks and importers. The
gold had gained Rs 450 in last three trading sessions. Similarly
Silver also rose by Rs 200 to Rs 63,200/kg yesterday. Silver ready
strengthened by Rs 200 to Rs 63,200/kg and weekly based delivery by
Rs 340 to Rs 63,860/kg.
MCX GOLD LEVELS FOR TODAY
Support
– 32230.00, 32102.00, 31985.00
Resistance
– 32475.00, 32592.00, 32720.00
MCX SILVER LEVELS FOR TODAY
Support
– 63258.00, 62783.00, 62341.00
Resistance
– 64175.00, 64617.00, 65092.00
