PI Global Investments
Silver

MCX Gold may seek support around Rs 51,100-level; Silver remains negative

Gold

Web Exclusive

The MCX Gold October futures is trading near multiple supports in the form of 20-WMA, 20-DMA and 50-DMA; Whereas Silver futures may seek support near its recent low of Rs 54,160-odd level, while the u

Topics

Gold  | Silver | gold silver prices



Rex Cano  | 
Mumbai 




The MCX futures declined by 2 per cent last week amid some profit-taking and is seen trading closer to multiple support levels, with an underlying positive bias. On the other hand, bias for futures remains negative. Going ahead, this week here are the key support and resistance levels on the precious metals future contracts.



TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS


What you get on Business Standard Premium?


OR







Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



First Published: Mon, August 22 2022. 09:08 IST

Source link

Related posts

American Association of Nurse Anesthesiology Receives 2022 Power of Associations Silver Award for State Advocacy Initiatives

Miles

Sixers Twitter Goes Nuclear on NBA Commish Adam Silver

Miles

Equities Analysts Issue Forecasts for Americas Silver Corp’s Q2 2022 Earnings (TSE:USA)

Miles

Leave a Comment

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

    100% secure your website.