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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