Last Updated :
January 16, 2012 12:35
MCX gold edges higher, resistance at Rs.1651-1663: Angel
On account of concerns over the Euro Zone, we expect the US Dollar Index to strengthen in today’s trade.
Gold and silver prices are expected to come under pressure on the back of dollar strength and as risk aversion could grip the financial markets.
However, sharp movements may not be witnessed today as the US markets will be closed on account of Martin Luther King Day holiday. Silver will also take cues from downside in the base metals space.
MCX Gold Feb’12 Rs/10 gms support: 1626-1613 resistance: 1651-1663
MCX Silver Mar'12 Rs/kg support: 29.33-28.95 resistance: 29.88-30.31
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MCX CORIANDER 01 January 2020
contract was trading at
Rs 0 . What's your view on it?
