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Despite weakness in rupee against the dollar, Bullion market is trading under pressure in domestic commodity market. MCX Gold is trading below Rs 30000 level. August contract of this precious metal has seen a slight decline today and trading near 29800 level. However the market take a bounce back at around 29750 and It can day traders to go for buy in lower level.

MCX Silver is having major support level at 52700 level below which we can expect some more downside in silver metal. A trade above 52900 would ensure positive trend for intraday.


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