September 29, 2011

MCX Gold Silver Trend Live for Today

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 

MCX Silver Levels for Today
Trend is bearish suggested to Sell on higher levels
54500  R1 52800
S1  47100  S2  45200
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