Friday, 18 December 2015

Commodity Market Updates on Gold and Silver

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Gold:
Gold could trade range bound to weak. Strong US Dollar could also keep gains limited. Investors await cues from key data due today. Support is at 1056.3. Resistance remains at 1070.0. MCX Gold could remain range bound to weak, tracking weak overseas prices. Strong Rupee could keep gains limited. Support is at 25206 and 25075. Resistance is at 25438 and 25540.


Silver:
Silver could trade range bound to weak. Strong US Dollar could keep gains limited. Support is at 14.00 and 13.81. Resistance is at 14.20. Investors await cues key data due today. MCX Silver could remain range bound to weak, tracking weak overseas prices. Strong Rupee could keep gains limited. Support is at 33620 and 33337. Resistance is at 34185 and 34438.

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