June 22, 2012

MCX Gold Silver Prices for 22 June

Gold Prices Silver Prices and Trend
MCX Gold is trading in a downtrend and gold is expected to go more downwards and touch levels of around Rs 29600 - 29500 levels in upcoming session. MCX silver has been witnessing some selling pressure on higher levels. MCX Silver is going to reach at Rs 55,000 per kilogram but at Rs 55,000 per kilogram we are seeing a good amount of selling coming in. It is expected to continue and silver might once again fall till Rs 53,000 - 53,200 levels. MCX silver is recommended to sell on rallies at Rs 54,500 per kilogram with a stop loss of Rs 55,100 per kilogram for a downside target of Rs 53,200 per kilogram. 

MCX Gold is trading in a downtrend and is down by 1.41% and trading at 29861 levels. The silver is also in a downtrend and is down by 2.91% with a  price of 52980 levels.
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