MCX Gold & Silver Trend for Today

MCX Gold prices have touched the record level and crossed 30400 level. However Comex Gold is trading 15% below its record level. Weakness in rupee against the dollar has supported gold prices in MCX. Also, HSBC's prediction that International Gold prices may reach upto $1900 by the end of this year has initiated  a positiveness in the market. Silver has also crossed 55000 level and with a gain of more than 0.30%, its trading at 55100 level. One can buy silver for the target of 55500.