6:59 PM
Nifty Tips
MCX Gold has started on positive note on Friday morning at MCX Counter as the prices held up 0.450 percent and tested new highs at 19715 per kilogram amid a considerable sell off in the US Dollar. Yesterday, Gold prices settled on a higher side with buying momentum at lower levels in global markets. Silver prices have also recovered after sustained losses over last week. Gold has edged higher tracking the positive momentum in silver and Global equity markets. In Asian Market, Buying momentum from investors and speculators kept Gold prices upbeat ahead of festive demand.
The yellow metal is expected to remain in positive trend as long as prices stay above 19400 levels now. A next important barrier is at 19700 to stop positive trend. For today, one can buy gold near 19550 to see more gain further till 19700 in intraday trades.
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