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Weakness in the rupee against the dollar has supported Gold silver prices in Domestic MCX market. Today MCX Gold is trading just near 29000 level with marginal loss on the other hand silver has shown some upside and its trading above 54150 level.

Since nearest support level for gold is Rs. 29000 so inability to prevail above this level for long may fortify the chances of decline in prices. This may cause prices to currect up to 28800 level.

Bullion Trading Tips-

Gold- Sell below Rs. 29000 with a stop loss placed above 29175 levels for target of Rs. 28800

Silver- Buy at or above 54150 with a stop loss placed below 53500 levels for target of Rs. 54800 


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