Friday, 13 March 2015

Gold and Silver Rates For Today

MCX Apr Gold was traded higher in the first session and tested trend-line resistance at 26860 levels. However, on failure to extend the gains and a sharp decline from the same has kept the prices again in a negative zone. Now the outlook remains weak and further fall is likely in-line towards 25510 levels, where as a resistance resides at 25745 levels. 

Silver was up 0.5 percent at $15.54 an ounce. We expect Silver prices are likely to trade negative on the back of US interest rate outlook.

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