Wednesday, 6 August 2014

Commodity Gold and Silver Market Updates

Gold prices are trading in narrow range and depreciating Rupee is also supporting MCX prices. Prices still have crucial resistance at 28300 and only a sustained breakout above this can take prices higher else prices will remain weak. On lower side prices have support at 28000 and selling can be seen below this.

Silver prices are falling as per our expectation. Prices are expected to have resistance at 43800 and selling can be seen there. On lower side prices can fall to 43200 and 41900. Prices should remain weak till it trades below 44150.

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