Monday, 16 February 2015

Precious Metals Weekly Tips Of 16.02.2015


GOLD/SILVER
Gold prices rose by Rs 119 to Rs 26,638 per 10 grams in futures trade today as speculators  created fresh positions on cues from overseas markets.At the Multi Commodity Exchange, mcx gold for delivery in April was up by Rs 119, or 0.45 percent, to Rs 26,638 per 10 grams, with a  business turnover of 698 lots. Globally, gold in Singapore traded 0.5 percent higher at  USD 1,227.76 an ounce in early trade today.
Silver prices remained in the range as European  leaders failed to agree on Greece’s bailout program after talks in Brussels. Prices rose earlier  after more stimulus from the Swedish central bank. Silver is getting support at 36923  and below same could see a test of 36621 level, And resistance is now likely to be seen at 37654,  a move above could see prices testing 38083.

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