On tuesday Morning Indian rupees Declined and touch a new record low of 61.51 against the US currency. On Monday trade it close at 60.88 and its impact on Indian share market in seen on Tuesday morning. Meanwhile At MCX commodity market yellow metal are open in positive side but low demand refuses the trend and gold prices for future delivery trading in downside. Today MCX gold prices for October delivery open at 27870 its previous close is Rs 27856 per 10 gram.
On intraday trading for morning session gold prices expected to trade in downside with small correction in afternoon session.on the other hand white metal silver open in negative side at 41550 for future delivery its previous close is Rs 41760 per Kg. Some positive trend in expected on intraday trading while silver look to break the opening level in downside.
GOLD Support and Resistance
S1: 27560, S2: 27423
R1: 28110, R2: 28225
Intraday calls
BUY SILVER SEP ABOVE 41750 TGT 41850, 42000, 42100 STOPLOSS 41500
BUY GOLD OCT ABOVE 27800 TGT 27840, 27900, 27950 STOPLOSS 27700
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