Friday 25 October 2013

MCX GOLD RISES; WHILE SILVER FALLEN DOWN ON FRIDAY

On the last trading day of the week, at 2:45 pm, the gold prices rises again while silver continue going down and making loss. Mcx gold has been trading in profit of 28 points at price 30590 rupees in the domestic market while Mcx silver commodity has been trading in loss and being red and continue going with low trend. Currently Mcx silver price is trading in loss of 561 at trading price of 49546 rupees in the mcx market exchange. Crude oil also trading in up trend and having profit. Crude oil is trading in profit of +27 points at Rs 6027 while the other energy commodity is trading in red and having loss of 0.60 points at Rs 223 in the domestic market. In the base metal commodities, all the commodities are trading in red and having loss in their trading prices. Aluminium is trading in low of 0.30 points, copper at -2.10, Nickel at -9.30, and lead & zinc at 0.50, & 0.560 points loss.
The gold and silver prices must go in loss and lost their prices, so you can make a short sell. You can sell gold and silver at now while around 300 to 500 points.

Sell silver 49550 Target 49400/49300/49200 SL 49700

Sell Gold 30580 Target 30500/30400/30300 Sl 30720

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