Today, Gold and Silver prices are expected to trade lower, as worries with respect to Greece rise and this could lead to risk aversion in the global markets. Yesterday on MCX, Gold (February) rose around 0.21% and touched intra-day high of Rs 27,593 and closed at Rs27,510, whereas on MCX, Silver (March) rose around 1.31% and touched intra-day high of Rs56,489.
Technical Levels for Today
Unit Support Resistance
Spot Gold $/oz 666/1653 1678/1691
MCX Gold (Feb’12) Rs/10 gms 27413/27309 27610/27710
Spot Silver $/oz 31.76/31.23 32.57/33.09
MCX Silver (Mar'12) Rs/kg 55034/54449 55869/56289
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