MCX Gold prices trend is expected to trade lower today at (MCX) Multi Commodity Exchange on account of revival in the global market sentiments, thus affecting demand for the precious metal as a safe-haven. In MCX gold sharp decline will be cushioned on account of dollar weakness. MCX Gold live Prices October contract are currently trading at 25680.00 (1.94%) 9:30 am IST today. MCX Gold is in downtrend for today.
MCX Silver Live trend December contract slipped 4.9% and was hovering around Rs 50406.00 / kg till 9:30 am IST today. Base metals are also in red but expected to trade with a positive bias, taking cues from dollar weakness coupled with rise in risk appetite.
MCX Gold Levels for Today
Trend is bearish suggested to Sell on higher levels
R2 26400 R1 26050
S1 25500 S2 25150
R2 26400 R1 26050
S1 25500 S2 25150
MCX Silver Levels for Today
Trend is bearish suggested to Sell on higher levels
R2 54500 R1 52800
R2 54500 R1 52800
S1 47100 S2 45200
