Friday, February 24, 2012

MCX Bullion (Gold and Silver) Tips For Today: 24th Feb '12

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Gold traders in India, the world's biggest buyer of bullion, were reluctant to enter the market on Friday as the prices remained elevated, though off their 10 week highs. The most-active gold for April delivery on the Multi Commodity Exchange (MCX) was at Rs 28,730 per 10 grams, 0.44% lower from the 10-week high of Rs 28,944 hit in the previous session.
MCX Gold

April is currently at Rs. 28715, it is trading down by Rs. 198 points for the day. Comex Silver is currently trading at $35.30 whereas MCX Silver March is currently trading at Rs. 58350, it is down by Rs. 327.

Trading Call For MCX Gold: Sell around 28800 levels with a stop loss placed above 28950 levels for targets of 28600 levels

Trading Call For MCX Silver: Buy around 58300 levels with a stop loss placed below 57800 levels for targets of 59000 levels.

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