Gold Silver Updates: Bullions are Expected to Move Up Today

Gold Updates

Gold prices eased on Thursday with events surrounding Greece in sharper focus and the implications for euro zone stability. On the COMEX, gold futures for April delivery eased 0.08% to trade at $1,219.90 a troy ounce. Prices were supported amid speculation of further monetary easing from the People's Bank of China following Tuesday's lower-than-expected inflation data. Investors were also looking at a bump from seasonal physical gold demand ahead of the Chinese New Year holiday and any stockpiling of copper ahead of a week-long break.

Silver Updates

Silver on COMEX declined by 0.10 points in Tuesday’s session. Price opened at $16.95 and found resistance at 17.11 and from there on silver remained in down trend and tested low of 16.70 levels before closing at 16.88. In today’s session so far price is up by 0.11 points.

MCX silver declined by 199 points in Yesterday’s session. Price opened at 38011 and tested high of 38250 levels but close down at 37024. In today’s  session so far price is up by 223 points

MCX Commodity Tips

MCX Gold is trading flat with support levels at 26554 and 26443 while we have a upper resistance level too at 26843 and 27021 On the Other side silver has a strong support level at 36820 and a reistance level at 38080 level on upper side. For Daily Commodity Tips and MCX Suggestions Please fill the trial form.