Tag Archives: Bullion Gold Silver Tips

Bullion Gold Silver Tips & Trading Updates for Today

The recovery in dollar from the lower level of 9 months has increased the pressure on gold in the global market and its price has come down to $ 1237, which is the lowest level of about five weeks. There has also been a fall in the holdings of the world’s largest gold fund SPDR Gold. However, in the last 6 months, gold has given investors an 8% return.

There is hardly 4 per cent increase in silver. In fact, the price of silver in the June quarter has dropped 9 percent. In this way, silver has given less returns during January to June 2017.

At present, MCX Gold is trading at Rs 28,370 with a decline of 0.25 percent. The MCX Silver is flat and is trading at Rs 38335.

@ Sold MCX Gold August at 28370, 28380 targets 28330, 28280 Stop Loss 28431.

@ Sold MCX Silver July at 38,350 to 38,335 targets 38230, 38130 Stop Loss 38489.

Gold Silver Break down in Commodity market due to global cues

The US Federal Reserve has decided to raise interest rates for the second time in 3 months. Although the market had already hoped for it, it has not shown any significant impact at the moment. But keep an eye on the opening of European and American markets today. Earlier, Gold is trading firmly with a firm strength of $ 1265. At the same time, the price of Silver is a gain over $ 17 and it is trading at around 1%.

Gold On MCX is trading around Rs 28,840 with weakness of 0.6 percent today, and Other hand Silver has fallen nearly 1 percent and is looking at around Rs 39030.

Trading Gold Tips for Today

@Sold MCX Gold at current market price near at 28,840 to 28,870 with targets 28780, 28730 Stop Loss 28917.

MCX Bullion Gold Silver Updates and Tips for Today

Due to the increase of global tension, there has been a sharp rise in Gold prices. In the global market, its price has crossed 1290 dollar. Gold prices are rising this week after about 2.5 percent increase in the previous week. In fact, the pressure in the dollar has also supported gold. The dollar is at the lower level of 5 months compared to the yen. In the meantime, Silver is also fast and its price has crossed $ 18.5.

In the domestic Market, Gold on MCX is trading at around Rs 2,9455 with an increase of 0.16 percent, while Silver MCX is trading at around Rs 42,645 with the strength of 0.17 form previous close percent.

Bullion Trading Tips

@Sell MCX Gold June at 29470 to 29450 targets 29385, 29310 stop Loss 29539.