Bullion futures were trading lower on the domestic exchanges tracking the fall in the overseas markets. The weak rupee against the US dollar, limited the downside in prices. On COMEX, the precious metals were trading lower today on profit booking after the rise in prices Tuesday.
MCX Gold Tips
MCX Gold February Contract is looking positive for the day. Market may find support near 30820 and 30720; intraday resistance can be seen near 30930 & 31030. Day traders are advised to buy intraday on dips. (Buy around 30820 with SL 30720, for the target of 30930 & 31030.)
MCX Silver Tips
MCX Silver March Contract is looking slightly positive for the day. Market may find support near 59200 & 58700; intraday resistance can be seen near 59700 & 60200. Day traders are advised to buy intraday on dips. (Buy around 59200 with SL 58700, for the target of 59700 & 60200.)
