Market Update

Market Watch

Tuesday, 3 June 2014

Mcx Tips -Gold Silver Tips & Market News for Today

Gold steadied on Tuesday after a five-day losing streak but was still trading near its lowest level in four months as stronger equities dented the metal's
investment-hedge appeal.
Spot gold was flat at $1,244.55 an ounce by 0241 GMT. The five-day decline before Tuesday is the metal's longest losing streak in nearly seven months.
Trend: Consolidate | Strategy: Buy on dips
R1- 25950, R2- 26250| S1-25550, S2- 25180

MCX SILVERM June contract was trading at Rs 39701 up Rs 89, or 0.22 percent. The SILVERM rate touched an intraday high of Rs 39766 and an intraday low of Rs 39477. So far 11300 contracts have been traded. SILVERM prices have moved down Rs 19798, or 33.27 percent in the June series so far.
Trend: Consolidate | Strategy: Sell on high
R1- 40550,R2- 41800| S1-39150, S2- 38180

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