MCX Gold Silver Updates

Rupee again witnessed a depreciation of 0.7% yesterday on the back of the S&P's warning on Indian economics condition. This decline in rupee has supported the Gold prices in domestic market while silver has witnessed slight decline.

MCX Gold, With a marginal gain of 0.07% currently hovering around 27750-785 level while silver slipped 0.17 % to trade near 54600 level. It is facing the nearest support at around 54300 level below which some more downfall is expected. On Upside, 54900 can bring some positiveness in Silver trend.


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