Tuesday, 7 October 2014

MCX Gold and Silver Price in This Week

MCX Gold Dec. as seen in the weekly chart above has opened the week with gap up at 26,902 levels and it made a high of 27,169 levels. In the week as expected prices could not able to sustain on higher levels and sharply corrected towards the weekly low of 26,506 levels. In this week prices closed below the previous week’s closing of 26,855 levels and finally closed 1.20% lower at 26,534 levels.

Silver Dec. as seen in the weekly chart above has opened the week with gap down at 39,100 levels and in the week it made a high of 39,478 levels. As expected prices could not able to sustain on the higher levels and corrected sharply toward the new contract low of 37,211 levels. In this week prices closed below the previous week’s closing of 39,169 levels and finally closed 3.27% lower at 37,888 levels.

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