MCX Gold Tips | MCX Silver Tips
MCX Gold & Silver Updates:-
A slack has been observed in the gold in the international market while silver is trading with a fall. Gold at Comex is at $ 1614. Comex silver is trading at $27 with a decline of around .25%. The gold at multi commodity exchange closed at 29,752 on Tuesday after a light fall. While the mcx silver closed at 53,960 after a down fall of .25%.
MCX Crude oil closed at 4919 declined by 1.20% from it’s previous close. MCX crude oil before the closing was trading on higher nodes at above the 5000 level. MCX Copper closed at 422 in the domestic market on Tuesday.
To get huge profits in gold and silver investment in the commodity market we recommend following commodity Tips for Today.
Gold prices may witness profit booking to the tune of 30030 – 30000, one can buy on dips with a stop loss below 29900.
Silver prices witnessed profit booking from higher levels, one can buy on dips around 53500 -53300.
Crude prices are expected to trade within the range from 4850 to 4950 one can witness selling pressure to continue till 4850.
Silver prices fell by Rs 450 – MCX updates 22 June 2012
Silver prices fell by Rs 450
Global recession impacted the domestic bullion market gold where the live price of gold resist to 30,600 per ten grams.However, silver fell by Rs 450 per kg and arrived at Rs 54 650. In the internatuional market the gold declined and reached below $1,600 per ounce.According to reports received from London, the global trade of gold is in bearish mode.
During the gold trading the live price of gold was $1599.19 per ounce recorded. Experts say that monetary policy did not change in America. Due to it economy is not getting any speed.The investors have abandoned the market. Greece, dominates the market crisis. Spain’s banking crisis is a period of speculation in financial markets.
There is slow turnover in precious metals in the local bullion market.Gold price stuck to 30,600 per ten grams in the last business day trading.According to traders there is no movement in the market. Silver prices are affected by trends in foreign markets.
MCX Commodity Trading Tips & Strategies 28 May 2012
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MCX Gold June Support-28750,28678 Resistance-28892,28962
MCX Silver July Support-53868,53578 Resistance-54461,54765
MCX Crude Oil June Support-5039,5023 Resistance-5080,5105
MCX Natural Gas June Support-141.90,139.10 Resistance-150.30,155.80
MCX Copper June Support-422.30,420.80 Resistance-425.30,426.80
MCX GOLD Spot 28 May 2012 Support-1555.35,1543.75 Resistance-1574.61,1582.20
MCX Silver Spot 28 May 2012 Support-27.99,27.66 Resistance-28.57,28.82