Wednesday, March 28, 2012

MCX Silver Tips and MCX Updates For Today

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Gold in the domestic market - the first decline in silver intact. 0.22 per cent down on MCX gold is trading at Rs 28203, while silver fell by 0.30 to Rs 57180, with levels being seen. Comaks on the gold - silver is not to stop the decline.

Spot gold prices were little changed, after buckling under a stronger dollar in the previous session as U.S. data tempered concerns of more stimulus from the Federal Reserve. Spot gold was little changed at $1,680.24 an ounce. Spot gold is currently trading at $1679.40. MCX Gold April is currently at 28256, it is trading down by 24 points for the day. Comex Silver is currently trading at $32.51 whereas MCX Silver May is currently trading at 57303, it is down by 102.

MCX Commodity Tips

MCX Gold (Apr)
Sell Gold below 28210 for the target of 28165-281000, with a stoploss of 28300.

MCX Silver (May)
Sell silver below 57200 for the target of 56700-56200, with a stoploss of 57900.

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