March 30, 2012

MCX Tips Gold Silver Evening Trend

MCX Gold April contract rose around 0.2 percent on account of a weaker Rupee. MCX Gold prices touched an intraday high of Rs. 28236 and ended at Rs. 28202 on Thursday. MCX Silver May contract rose around 0.3 percent and closed at Rs. 56771 after touching an intraday high of Rs 56884 yesterday. We expect gold and silver to trade with a sideways positive bias today. Silver being an industrial metal will also take cues from movement in base metals pack.

MCX Tips Gold Silver Evening Tips Trend:

MCX Gold is advised to Buy around 28150, stop loss placed below 28050, targets of 28425.
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