We expect gold prices to trade with a positive bias today as rising crude oil prices will boost inflation-led demand for the yellow metal. Silver is also expected to trade higher today taking cues from rise in gold prices and upside in base metals.
MCX Gold Feb’12 Rs/10 gms support:27720/27670 resistance:27825/27900
MCX Silver Mar'12 Rs/kg support:52900/52500 resistance:53340/53700
Courtesy: Angel Commodities
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