29 august evening intraday commodity updates || today MCX gold silver tips || Live MCX evening tips for today

mcxtips Technical Outlook valid for August 29,
Unit Support
Spot Gold $/oz 1403/1393

MCX Gold Oct’13 Rs/10 gms 33250/33000
Spot Silver $/oz 23.90/23.60
MCX Silver Sept’13 Rs/kg 55200/54600
Commodities Daily Report
Thursday| August 29


Market Highlights - Gold (% change)
Gold Unit Last
Gold (Spot) $/oz 1417.6
Gold (Spot -
Mumbai)
Rs/10
gms
34250.0
Gold
(LBMA-PM
Fix)
$/oz 1419.5
Comex Gold
(Oct’13)
$/oz 1419.0
MCX Gold
(Oct’13)
Rs /10
gms
33715.0
Market Highlights - Silver (% change)
Silver Unit Last Prev day
Silver
(Spot)
$/oz 24.3
Silver
(Spot -
Mumbai)
Rs/1 kg 58900.0
Silver
(LBMA)
$/oz 2474.0
Comex
Silver
(Sept’13)
$/ oz 24.4
MCX Silver
(Sept’13)
Rs / kg 55776.0
Technical Chart – Spot Gold
Spot gold prices increased around 0.1 percent yesterday on the back of
recovery in the global market sentiments. Further, rise in SPDR gold
holdings to 921.03 tonnes supported an upside in prices.
However, sharp upside in prices was capped on account of strength in
day high of $1433.31/oz
and closed at $1417.60/oz in yesterday’s trading session.
On the MCX, Gold October contract traded on a flat note yesterday
after touching an intra-day high of
Taking cues from strength in the DX along with downside in base
metals complex, Spot silver prices fell around 0.5 percent yesterday.
m US acted as a negative
However, sharp downside in prices was cushioned as a result of rise in
day low of $24.21/oz
ces fell around 2.6 percent and closed at
In the Indian markets, Rupee appreciation is expected to exert
In the international markets, gold prices are expected to fall on the
back of correction seen in the markets after a sharp rise in prices in
previous trading session. However, sharp downside will be cushioned
as a result of upbeat global market sentiments along with weakness in
August 29, 2013
Resistance
1418/1427
33600/33800
24.30/24.60
56200/5680