Market Update

Market Watch

Wednesday, 26 March 2014

Mcx Gold Silver Live Trends and News

Gold bounced on Wednesday from its weakest level since mid-February but signs of a recovery in the U.S. economy and an absence of support from the
physical sector could limit gains and keep prices in a tight range.
GOLD (APR)
Trend: Consolidate | Strategy: Buy on dips
R1- 29280, R2- 29550| S1-28650, S2- 28180
MCX SILVERM April contract was trading at Rs 43554 up Rs 21, or 0.05 percent. The SILVERM rate touched an intraday high of Rs 43677 and an intraday low of Rs 43535. So far 2770 contracts have been traded. SILVERM prices have moved up Rs 554, or 1.29 percent in the April series so far.
SILVER (MAY)
Trend: Consolidate | Strategy: Sell on high
R1- 44750,R2- 45500| S1-42350, S2- 41180

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