Gold and Silver Today

The bullion market is trading flat today. The precious metal Silver, is trading in mix. but it remains bias towards the negative edge. According to the experts Silver will remain negative as long as it crosses the Rs. 54,400 hurdle. Silver is likely to chase support around Rs. 53,230-53,160 and the resistance is at Rs. 53,450-53-525.
the another support level is around Rs. 53,230-53,190 and the resistance is around Rs. 53,480-53,525.

Spot Silver prices were trading mix in the metro cities in the country. In the capital of the country, New Delhi market, Pure Silver (999 purity) was high by Rs. 200 at Rs.53500 while in Ahmedabad, the silver prices declined by Rs. 130 and were at Rs.53200.
Overall Silver was trading lower due to the global leads.
Silver contract for the September delivery slipped 0.26% and was trading at Rs.53,230 per kilogram.

Same was the case with Gold. Gold too was trading flat today. The October delivery contract was at Rs.29,802 per 10 grams. Whereas, in the international market Gold was trading up for the third continuous day.
Back to the domestic market, Gold's demand has still not increased. Prices are still being above Rs. 30,000 mark. Buyers are still being hesitant in buying the yellow metal.