Friday, 17 April 2015

MCX Tips: Bullion Update: MCX Gold Future Bullish In Trend

Gold prices rose by 0.17 per cent on Friday at the domestic markets following the release of disappointing data on US jobless claims.A strong dollar reduced the appeal of the bullion as an alternative asset. Stronger dollar makes the precious metal expensive for those holding other currencies, thus reducing demand.

Gold futures for June 2015 contract, at MCX, were trading at Rs. 26,689 per 10 grams, up by 0.17 per cent after opening at Rs. 26,617 against the previous closing price of Rs. 26,645. It touched the intra-day high of Rs. 26,725 till the trading.

Mcx Bullion Tips Today 
BUY GOLD At 26480.00 T1- 26700.00, T2- 26900.00, T3- 27200.00 with SL- 26300.00

BUY SILVER At 36725.00 T1- 36825.00, T2- 36925.00, T3- 37025.00 with SL- 36525.00

BUY COPPER At 383.00 T1- 385.00, T2- 387.00, T3- 390.00 with SL- 370.00


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