Tuesday, 6 January 2015

Daily Gold and Silver Rates in Market

MCX Feb Gold; after took the support from the rising trend-line at 26730 levels, gold prices inched higher and ended in a positive tone. Currently prices are hovering near intraday resistance of 27080 levels; on a sustainable break above the same can extend the gains towards 27220 levels.

Silver was up 2.8 percent at $16.18 an ounce. We expect Silver prices are likely to trade on positive note on the back of buying from top consumer China picked up ahead of the Lunar New Year.

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