Market Update

Market Watch

Thursday, 21 February 2013

Mcx Gold and Silver Prices Live

  • Gold futures for April delivery fell 1.6 percent
  • Silver futures for March delivery tumbled 2.7 percent
  • Copper futures for May delivery declined 1.1 percent


Gold futures for April delivery fell 1.6 percent to settle at $1,578 an ounce on the Comex in New York.Silver futures for March delivery tumbled 2.7 percent to $28.622 an ounce on the Comex. Earlier, the price touched $28.415, the lowest level since Aug. 20.


GOLD                                                                                                                                         

Trend            Consolidate                                                     
Strategy        Sell on high                                              


Resistance   R2 - 30180                                       
                         R1 - 29850                                                              
support         S1 - 425                                                  



SILVER  

Trend             Bearish 
Strategy        Sell on high
Resistance   R2 - 55750
                         R1 - 54570
support         S1 - 52850

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