Comex
Gold and Silver commodities are trading lower The
weakness of the rupee against the dollar
is supporting gold prices in domestic commodity market. But this
initial strength seen in Gold doesn't seem to last for the day due
to strength in the DX and weaker global
sentiments.
On
domestic front, silver prices saw a marginal rise of 0.1% last week
due to. A weaker start is anticipated for silver but depreciation in
equity market may support silver prices.
Technically,
support
is seen near 52450 while it has resistance at 53100 level. A breach
in either side would decode the trend as bearish or bullish. As long
as prices remain under 52450, traders can go for buy on dips
strategy.
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