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Tuesday, May 31, 2011

Precious Metals Call Intraday | MCX Technical Market Highlights

MCX Precious Metals Calls Intraday
Silver Buy Above 58280 Stoploss 58180 Target 58450 58550
Gold: Buy -22500, - Stoploss 22450 target -22590

After the initial fall in silver is to get up on.
Amid weak trend overseas, gold continued its yesterday''s slide to trade 0.24 per cent lower in futures trade today.

Also, stronger rupee against the US dollar put some pressure on the precious metal prices at futures trade here.Technical View Of Gold and Silver>>>> Click Here
At the Multi Commodity Exchange, gold for delivery in June declined by Rs 53, or 0.24 per cent to Rs 22,438 per 10 grams, with a business turnover of 1,398 lots. It had ended 0.13 per cent lower at Rs 22,491 per 10 gram in yesterday''s trade.
Likewise, the metal for August delivery lost Rs 36, or 0.16 per cent to Rs 22,708 per 10 grams, with a business volume of 1,156 lots.

Advantage of strong business in foreign markets is to find crude oil. Crude oil have gone up today, on MCX crude oil is trading at 2 per cent growth. NYMEX While the price of crude oil above 102 dollars reached.

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