Commodity Gold & Silver Updates for Today

A sharp decline could be seen in international precious metals. Comex gold and silver has witnessed nearly 1% decline which have affected the prices in domestic market also. MCX gold and silver started the day with red mark. Gold has Suffered nearly 40% and trading below 30000 level while silver prices have come down to 55450 level. However the trend is still intact and as long as Silver does not break the barrier of 55000, we can expect a bounce back rally. Gold is expected to extend the bearish trend if it trades below 29900 level.