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Despite the speculations that market will rebound in coming few days, Bullion metals are facing selling pressure in Both domestic and international markets. MCX gold is currently trading below 28950. Intraday traders can buy MCX Gold around 28750 (On Dips) for the targets of 28850-950-29100.

Silver has decline nearly 1% and heading towards 53200-53000 level. Crucial support for MCX Silver (July Futures) can be seen near 53150-53000 level. However, if Silver trades above 54500 consistently, the bullish trend can be seen again.


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