Weakening rupee has supported the prices of Gold and silver in MCX. Silver has gained more than 2% while commodity Gold futures is trading above 28300 level on multi commodity exchange of India. Both domestic as well as international bullion are trading well so prices are likely to continue the positive trend.
Silver, above 53000, could be more productive , else below the same could result a push down towards 52300/52000 followed by 51000 region.
Break above 53000 could entice buyers to target levels like 53500-53800 for Intraday trading.
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