MCX Gold and Silver technical and Fundamental View For Today Intraday

Intraday Call For Today only
Buy Silver above 54300 stoplos 54000 Target 54550 54750
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Comex Gold (August) 
Fundamental View: 
Gold edged up and held near its highest in two weeks on a softer US dollar against the euro and growing fears that Greece could end up defaulting on its debt.
Technical View:
Indicators continue to show neutral tendencies with RSI in the neutral zone and MACD above the zero line indicating bullishness.
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Market News For Today 
Both the precious metals, silver and gold, fell further Monday on reduced offtake by stockists and jewellers on sluggish demand at prevailing high levels amid a weak global trend.
 While silver fell by Rs 650 to Rs 54,050 per kg, gold shed Rs 40 to Rs 22,645 per 10 grams.
 Silver had lost Rs 1,500 during the previous trading session, while gold declined by Rs 75 on Saturday.
Silver coins followed suit and tumbled by Rs 1,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces.
 Trading sentiments weakened as gold declined in London after some investors sold the metal to cover losses in other commodity markets and equities.
Gold in global markets, which normally sets a price trend on the domestic front, fell by USD 6.80 to USD 1,524.85 an ounce and silver shed 1.9 per cent to USD 35.48 an ounce.
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MCX Evening Round up Call For Today | MCX Market Data

Gold (June ): Buy - 21880, Stoploss - 21780, Target - 22060

Silver (July ) Buy - 53800, Stoploss - 53600, Target - 54 500

Wednesday tremendous boom in gold on MCX. Today after June gold futures dropped below the 22,000 rupees. While silver was not up on special business. COMEX the gold dropped below $ 1500's. MCX Market Live Price

Advantage of dollar weakness is to get silver. COMEX the silver remains around $ 35. While rupee against the dollar in the domestic market because of strong pressure on the base metal remains.

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MCX Tips |MCX Trend|MCX bullion Live Price |MCX Gold price Chart | MCX gold rate today's ' market news 24 feb 2011

1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.

5. MCX Gold can be trade in low at closing time today.

6. MCX today's evening round up play in low.

  Since reaching new highs at the end of 2010 Gold and Silver have been sold off, and the selling has been particularly intense in beginning of the year 2011. The poor news on the economy is almost completely bullish for the precious metals. From the price action in last month one might be falsely directed to believe that investment demand for the precious metals is waning. On the contrary the data analysis is quite reveals strong indications of growing shortages and furthermore that the Gold and Silver markets are approaching tipping points that will lead to a rushing of price appreciation in coming months.
Spot Gold held on top of this week's early rise again on Wednesday, pushing back above $1400 per ounce as world equity markets fell and crude oil rose to new two-year highs as fresh anti-government protests hit the gulf state of Bahrain.
Gold rallied in the previous session closed almost one percent higher in last session as tensions rose in Libya and on expectations that tension across the Arab world may slow down economic recovery.
Demand for yellow metal as safe haven has increased in the current month as economy is witnessing turmoil on various fronts. Gold also gained on news that top metal consumer China may hike its interest rates in the near term.
Spot Gold opened higher today and traded positive during initial hours. Spot Gold rose by 0.05 percent to 1416.83 USD per ounce. Movement in Gold is now being driven by geopolitical factors.
Crisis going on in North Africa and Middle East may push yellow metal higher in the near term. Safe haven buying in white metal may also continue in the near term and the same may outperform gold. As far as the general argument is concerned, the unrest in the Middle East is spreading and markets worldwide are pretty nervous. Fears of shortages as disorder moves across oil-producing nations drove up the price of crude in last 3 days, while other investors fled risky assets and sought the safe haven of Gold. MCX Tips for Today

MCX Bllion Trend

1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.
MCX Bullion Tips

World Gold Council launches initiative to accelerate the development of emerging technologies utilising gold

World Gold Council launches initiative to accelerate the development of emerging technologies utilising gold

The World Gold Council today announced that it is to play a pivotal role in the transition of new gold-based innovations from ‘lab’ to ‘market’. There has been an explosion of interest in the use of gold in science and technology, mainly driven by the emergence of nanotechnology, yet breakthroughs in research are slow to achieve commercial success due to lack of further targeted investment and support. The World Gold Council’s initiative will help bridge the gap between government-funded early stage research and venture capital-backed commercialisation through investing in gold-related technology in the fields of medical diagnosis and treatment, protecting the environment and renewable energy.
This announcement is accompanied by a new report, Gold: The hidden element in innovation, which details how the use of gold has led to the development of ground-breaking advances. As technology continues to progress, gold will be used in a multitude of new products and processes, and the World Gold Council expects these innovations will help address critical needs in medicine and the protection of the environment.
Dr Richard Holliday, Director, Technology at the World Gold Council said:
“The role of gold at the heart of many scientific advances is an untold story of innovation. Although little heralded, gold is the hidden element that has increased the efficiency, accuracy and effectiveness of many technologies. We will continue to provide our expertise and resources to help bring exciting new gold-based technologies through to commercialisation.”
The new report includes examples of the World Gold Council’s involvement in supporting innovative technologies, such as:
Professor Molly Stevens and her team at Imperial College London, who are exploiting the versatility of gold nanoparticles to design tools which are showing great promise in improving the early diagnosis of many diseases including HIV/AIDS and sepsis.
Professor Michael Wong’s lab at Rice University, Texas, which has developed a gold-alloy nanoparticle catalyst, which breaks down poisonous groundwater pollutants, a common health hazard.
Professor Carole Perry and her team at Nottingham Trent University, who have demonstrated that combining gold nanoparticles with antibiotics may lead to materials with improved and longer-lasting antimicrobial effectiveness.
The World Gold Council has also formed a new International Technology Advisory Board comprised of internationally recognised experts to help provide additional insight and guidance on its research and development activities in 2011 and beyond.mcx Bullion Tips