Monday, 30 November 2015

Today's Gold and Silver Commodity Market Updates

Gold could trade range bound to weak. Firm US Dollar could limit upside. Support remains at 1060.0. Resistance remains at 1080.0. MCX Gold could remain range bound to weak, tracking weak overseas prices. However, prices are trading in a small range of 25300-25500. Either side breakout could give us further cues. On the other hand, a weaker Rupee could limit downside.


Gold spot rate in India was quoted at Rs. 25,730/10 Grams for 24 carat purity, unchanged, while Silver spot rate was quoted at Rs. 34,345/Kg, up by 335, from previous close.

Silver could trade range bound to weak. Supports are at 14.07. Resistance is at 14.40. MCX Silver could trade range bound to weak. On the other hand, a weaker Rupee could limit downside. Key support is at 34335. Key resistance is at 34863.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment