MCX Silver Tips, Gold Trend For Today

Gold prices trading down as US Dollar Index (DX) declined around 0.2 percent today. At the MCX, silver is trading at Rs. 53370 and declined more than 0.50%. It may find support at the level of 53100 where we can see some recovery move. So traders can go for buy at this level according to the trend.

Gold may slip down to 29900-29700 level if it does not sustain the level of 30000. Currently trading at 30046, mcxgold has immediate support of Rs 30000 while resistance has been seen at 30130 level. Traders can take their positions according to these levels.