Bullion: Gold futures were trading lower on local
bourses tracking the weakness in COMEX contracts and as the rupee rose
against the dollar. On COMEX, a strong dollar against the euro
pressurised the precious metal. Silver futures were down on local exchanges due to the rangebound trend in COMEX futures and a strong rupee
MCX Silver May Contract is looking negative for the day. Market may find support near 51100 & 50600; intraday resistance can be seen near 51600 & 52100. Day traders are advised to sell intraday on rise. (Sell around 51600 with SL 52100, for the target of 51100 & 50600.)
MCX Silver May Contract is looking negative for the day. Market may find support near 51100 & 50600; intraday resistance can be seen near 51600 & 52100. Day traders are advised to sell intraday on rise. (Sell around 51600 with SL 52100, for the target of 51100 & 50600.)
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