India gold futures are expected to open higher, recovering from Friday's sharp losses, following a related trend overseas, our MCX Tips expertise said.
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MCX GOLDPETAL March contract trades flat:
MCX GOLDPETAL February contract was trading at Rs 2838.00 unchanged and touches an intraday high of Rs 2881.00 and an intraday low of Rs 2871.00. Thus 51194 contracts have been traded.
MCX GOLDPETAL February contract was trading at Rs 2838.00 unchanged and touches an intraday high of Rs 2881.00 and an intraday low of Rs 2871.00. Thus 51194 contracts have been traded.
GOLD (April):It was mentioned in the last week that 27300 is a strong support and extra faintness is there below that level. However it made a low of 27280 and a severe recover resulted in it making a high of 28194 and lastly closed near to weekly high. The overall short-term trend is bullish and considers support at 27840-27610 and resistance at 28300 in coming days. Buy on decline strategy.
MCX SILVER February contract was trading at Rs 56236.00 down Rs 252.00, or 0.47% and it touches intraday high of Rs 56748.00 and an intraday low of Rs 55161.00. Thus 41681 contracts have been traded.
MCX SILVER April contract was trading at Rs 56468.10 down Rs 229.00, or 0.40 and touched an intraday high of Rs 57935.10 and an intraday low of Rs 56361.00. So far 2662 contracts have been traded.
MCX SILVER April contract was trading at Rs 56468.10 down Rs 229.00, or 0.40 and touched an intraday high of Rs 57935.10 and an intraday low of Rs 56361.00. So far 2662 contracts have been traded.
