Gold Silver Reports – Gold MCX No Buying At All Sell on Rise Support Key 30338 — Technically Gold market is under long liquidation as market has witnessed drop in open interest by -5.83% to settled at 7370 while prices down 210 rupees.
Silver Mcx
Silver Finally Confirms Gold’s Rally as Both Metals Post Multi-Month Highs
Gold Silver Reports – In my previous commentaries, I expressed some concern that the lag in the silver price vis-à-vis gold was a slight concern for the nearterm outlook. The path of least resistance for gold and gold mining shares was of course still bullish, but silver’s failure to fully participate in gold’s recent gains was a fly in the ointment.
MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise
Gold Silver Reports – MCX Gold Expected Trading Zone Between 29510—29860, Sell on Rise — Technically Gold market is getting support at 29510 and below same could see a test of 29330 levels and resistance is now likely to be seen at 29720, a move above could see prices testing 29860.
Gold Prices Bounce on Positive Global Cues
Gold Silver Reports – Gold prices surged by Rs175 to Rs29,700 per 10 grams at the bullion market on Tuesday, driven by a firm trend overseas amid fresh buying by local jewellers. Silver prices also went up by Rs150 to Rs38,250 per kg due to increased offtake by industrial units and coin makers.
Silver MCX Under Fresh Selling, Support ey 39560
Gold Silver Reports – Technically Silver mcx market is under fresh selling as market has witnessed gain in open interest by 3.61% to settled at 14190 while prices down 125 rupees.