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Precious metals are witnessing  selling pressure due to decline in international market. Gold price in the domestic market has come below Rs 28,800. Currently gold is trading  near 28760. Silver is trading  around Rs 54,100.

Concern that Europe’s debt crisis will escalate lifted the dollar and decreasing demand has caused Gold prices to fall for a fourth day. Since prices has breached the crucial support level of 28800, so prices may correct upto 28500.

In Silver, Selling is recommended below 53900.


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