Market Update

Market Watch

Wednesday, 23 October 2013

MCX Market - Gold Silver Trend Today

Today Mcx Market :
·Gold futures rose to a three-week high
·Silver futures for December delivery climbed 2.3 percent
·Crude is poised to extend its slide below $100
·Copper for delivery in three months rose as high as $7,350
·Zinc and lead reached the highest prices since August
Gold traded near the highest level in more than three weeks on speculation that the Federal Reserve may delay stimulus cuts until next year after U.S. payrolls gained less than projected. Gold premiums in India hit $120 an ounce to London prices on Tuesday as the domestic market failed to get enough supply to meet strong festive demand.
Today’s Silver Trend:
Trend: Consolidate
Strategy: Buy on dips
R1- 30250, R2- 30650
 S1-29730, S2- 29250
Silver for immediate delivery rose 0.2 percent to $22.7402 an ounce after climbing to $22.8185 yesterday, the highest since Sept. 20
Today’s  Silver Trend:
Trend: Consolidate
 Strategy: Buy on dips
R1- 50950 R2- 52500
S1-48750, S2- 47280

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