MCX Tips :- Sharp decline in MCX Gold Today. MCX Gold price has come down on Rs 26,000 per 10 grams. Today and tomorrow in the spot gold has broken close to Rs 1,000. 1 per cent fall in international market, gold prices dropped to $ 1600. MCX Silver is also a declining trend. MCX silver Futures price has come down to Rs 49,500. The Credit Suis until next year to $ 1850 gold is expected to be expressed. But what is remarkable is that the decline in long-term estimates. According to the report by 2014 to $ 1425 gold price could come. Credit Suisse report both the gold and silver were down. Gold was not able to resist the Greece woes and fell almost 2.7% it was the major drawback as gold was very strong in spite of silver’s bearish trend. Silver today came down to 50100 almost 4% down no relief for any investor and trader as the down trend continues. MCX Tips

MCX GOLD Today (Aug) – MCX Gold august contract which will expire on 5th Oct 2011.gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

RESISTANCE: R1-26400 R2-26950
SUPPORTS: S1-25700 S2-25650

MCX SILVER Today (Sep) – MCX Silver closed at 50223.silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE: R1-50550 R2-50850
SUPPORTS: S1-49950 S2-49700

Source :- BullionMCX.Com