MCX Trade Tips

Our MCX Tips Experts has come out with weekly technical report for the period of 09.04.2012 to 13.04.2012. MCX Gold June can sell between Rs 28450-28500 with stop loss of Rs 28700 for target of Rs 27890. More information about free mcx tips visit my site mcx-trade-tips.blogspot.com

MCX Gold and Silver Trend For Today:

Silver bulls might be hoping that the metal's healthy first-quarter price go up is the first step back towards record highs. Not so fast. Its advocates say silver, which grab a middle ground between the industrial metals like copper and investment vehicles like gold, can benefit both from the hatching economic recovery that is lifting copper and from the investment that is driving gold.

MCX Silver May contract opened higher hitting a high of Rs 56989, but has moved down ever since and is currently trading at Rs 56780, down 0.10% and COMEX silver contracts are also trading down.

Silver markets predicts have cooled off and there shortage of any interest for investing in silver. And this absence of any major fundamental news might turn investors to look for technical opportunities. Our Experts has recommended a buy signal on Silver for intraday trade on Monday
MCX silver May support Rs 55858/Rs 56320 , resistance Rs 57360/Rs 57989

"MCX Gold and Silver Updates Tips For Day"

The Gold demand from India, the world's biggest buyer of the yellow metal, stayed muted as jewelers’ protests entered their thirteenth day. The Buying is very dull... jewelers are waiting for something positive to happen from the government. Indian jewelers, who started their strike on March 17, have been demanding removal of excise duty on unbranded jewellery and partial removal of import duty that was proposed in the budget.The Gold for April delivery on the Multi Commodity Exchange (MCX) was flat at 28,196 rupees per 10 grams. Silver for April delivery was also steady at 56,617 rupees per kg. More Information about MCX Gold Tips visit my site mcx-trade-tips.blogspot.com

Gold the precious metals at the Multi Commodity Exchange of India (MCX) may trade lower on report of continuing positive sentiment in the market with regard to the global economy. MCX gold April contract is trading at Rs 589 down a marginal 0.032% as of 10:49 AM IST while MCX silver May contract is trading down by 0.01% at Rs 785.The present month and near month COMEX gold and silver contracts are also trading higher for the day