A good recovery had seen in early hour on today trade, at 10:38 am rupees up at 58.17 per dollar compare to its last close at 58.40 per dollar.
On early morning commodity market shows a red sign with a bearish trend in top commodity, gold prices are continuously fall in domestic market on second day, on Wednesday morning it open in downside and fall by more than -120 point at MCX, whereas at Singapore gold also falls due to holiday in china for 3 day that were closed on the occasion of dragon boat festival.
At MCX Today gold for active delivery open at 27863 bit low against yesterday close at 27892.
Support and resistance for gold
S1: 27500, S2: 27410
R1: 27935, R2: 28200
MCX silver are looking weak on day trading and showing a bearish trend for July delivery. At Multi commodity exchange silver prices open at 43700 against its last close of Rs 43611. On Wednesday early trade it fall by more than -200 point of intraday trade and touch a low of 43420.
S1: 43000, S2: 42800
R1: 43925, R2: 44150
SELL GOLD AUGUST BELOW 27750 TGT 27720, 27650, 27600…………SL 27900
SELL SILVER JULY BELOW 43450 TGT 43400, 43300, 43200……..SL 43700