MCX Gold Trend Down Decline of 5% (Week)

Gold is not able to handle the move. Decline in the international market, the domestic market is also pressure on gold and silver. The gold is broken by approx 5 % at the market in week span. The weakness in gold is due to the strong dollar reported. At commodity market gold is in strong pressure and is Currently trading with a decline of 0.72 percent and is trading at Rs 30975 levels. While mcx silver has dropped also dropped near 0.75 % per cent and currently trading at 61,879. At the commodity market base metals are also looking weaker at MCX and  Base metals has weakened by 0.5 per cent. 

The precious metals have fallen in the domestic market. The weakness in base metals is also observed as mcx Copper dropped 0.6 per cent to Rs 442.85 with doing business. Copper on the London Metal Exchange due to the strong dollar is broken. 0.3 per cent to $ 8051 per tonne on the LME copper is trading at. Crude oil has dropped 11 per cent in 2012. The MCX crude oil dropped 0.5 per cent has come down to Rs 4,800. Investement Trust of India Investment Advice MCX Gold (February futures): Sell - from 31,200 to 31,240, stoploss - 31 310 and the target - 31100/31000 MCX Silver (March futures): Sell - from 62,300 to 62,400, stoploss - 62 600 and the target - 61900/61600

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MCX Gold Silver Trading Weak

In the international market gold - silver is trading weak. At Comex market slight decline is notices in gold as the price has dropped down to $ 1,700. Comex silver shed by 0.25 per cent, while prices have come down to $ 33 per ounce. Alike gold and silver Comex Crude oil is also trading weak business. The gold silver is trading weak at domestic market also. The it is recommended to trade in sell mode. 

Gold Silver Trading Sentiments For Today 

The mcx Gold (February futures) are recommended to Sell at 31,260 with a stop loss of Rs 31,400 ans a target of 31,000. Same as Gold the Silver is also advised to sell mcx Silver (March futures) Rs near 62,600 with a stop loss of Rs 63,200 and target of 61600 levels. 

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MCX Gold Silver Trend Bullish

The movement in mcx gold remains strong as gold purchases in the domestic market is supported. However Comex gold price remains close to 1-month low but the euro has returned some strength in gold purchases. At the domestic market  December gold futures on MCX 0.25 per cent and 0.1 per cent in February, has come forward. MCX silver futures on MCX at 0.35 per cent and 0.5 per cent in March futures gained. MCX crude oil is trading 0.1 percent higher at Rs 4865. For base metals zinc, copper and lead has accelerated with 0.25 percent gain in MCX Copper and trading at Rs 446.80 levels. The mcx gold trend and mcx silver trend gained its pace at the domestic market and is recommended that one can go for a buy as for intraday while for long term decline is expected in gold.

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MCX Gold Silver Showed Decline at the Market

The glint of gold in the international market is becoming less. In Comex gold to $ 1,700 an hour break. However, at the moment Comex gold is trading above $ 1,708. At the Indian market MCX gold is trading at Rs 31120  levels with a decline of 0.5 percent. MCX Silver while slipped around 1 per cent to Rs 61,300. MCX base metals has noted the decline at the market. MCX Copper is trading 0.2 percent higher at Rs 445.20. Aluminum has weakened 0.25 percent. Nickel, lead and zinc from 0.2 to 0.5 per cent is seeing weakness.

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MCX Silver Trend

Now MCX silver is bullish and trading in a uptrend. MCX silver is advised to sell for today's session. The silver is currently trading at 62148 price levels with a uptrend of 0.16% and price change of 101 Rs. The Silver trading range is around 62148 - 62300. The silver support will be 61700 levels while the silver resistance is near 62400 levels. 

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