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Decline in International bullion metal caused a negative start up for gold Silver prices on MCX. A sharp initial fall has been seen in domestic precious metals. With nearly half percent decline, MCX Gold is likely to come below 30000 level which is the nearest support level. A trade below this level can harm the anticipated intraday positive trend of Gold commodity.

Silver has also come down to 54300 level After witnessing 0.40% drop. It may slip further below 54150 level. So day traders can go for short in mcxsilver for the targets of 53850-53600.


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