MCX Gold and silver didn’t show any volatility today. The movement was very less and there was no buying and selling seen on bulk basis. Gold as usual gave a strong close and it closed above 26650. Silver too showed some positivity and closed above its previous close.

GOLD (Dec) – Mcx Gold is deviating as the US debt default concern made the investors cautious. Resistance and support levels for the today’s session are:

RESISTANCE: R1-26700 R2-26950
SUPPORTS: S1-26350 S2-25950

SILVER (Sep) – Mcx Silver closed at 53269.00. silver traded in bullish mood with heavy intensity. Expected resistance and support level for today trade are as follows.

RESISTANCE: R1-53600 R2-54000
SUPPORTS: S1-52750 S2-52200 Mcx Bullion Tips