GOLD Market:
MCX Gold may note some gains tracking cues from international exchange. COMEX gold trades higher supported by higher crude oil prices and weakness in US dollar. Gold has moved in sync with commodities in general for past few days and we could see this trend continuing in the near term. The crude oil trend may remain the key factor. Focus today will be situation in Greece as the nation faces another vote. Also in focus will be on German unemployment data and US economic data. Support for MCX Gold Aug. contract is seen at Rs.22025 while Resistance is seen at Rs.22250.
MCX Silver:
MCX Silver may note some gains tracking cues from international exchange. COMEX Silver trades higher amid firmer gold and industrial metal prices on back of weakness in US dollar. However weighing on silver prices is lack of investment interest as is evident from drop in holdings with Ishares ETF. Support for MCX Silver July contract is seen at Rs.50750 while Resistance is seen at Rs.53000
MCX Gold may note some gains tracking cues from international exchange. COMEX gold trades higher supported by higher crude oil prices and weakness in US dollar. Gold has moved in sync with commodities in general for past few days and we could see this trend continuing in the near term. The crude oil trend may remain the key factor. Focus today will be situation in Greece as the nation faces another vote. Also in focus will be on German unemployment data and US economic data. Support for MCX Gold Aug. contract is seen at Rs.22025 while Resistance is seen at Rs.22250.
MCX Silver:
MCX Silver may note some gains tracking cues from international exchange. COMEX Silver trades higher amid firmer gold and industrial metal prices on back of weakness in US dollar. However weighing on silver prices is lack of investment interest as is evident from drop in holdings with Ishares ETF. Support for MCX Silver July contract is seen at Rs.50750 while Resistance is seen at Rs.53000
