Gold may seek support around Rs 25,800, Silver expected to take support around Rs 42,500....
The bullion traders are now focusing on FOMC meeting minutes...
In Mumbai silver spot traded at Rs 42,970 per kg, standard gold at Rs 25,900 for 10 gm and pure gold at Rs 26,050 for 10 gm....
The MCX Gold futures for June are trading at Rs 25615 per 10 grams...
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MCX June gold may open today’s session near Rs 25750 levels with support around Rs 25650-600 levels....
In Mumbai silver spot traded at Rs 43,800 per kg, standard gold at Rs 26,120 for 10 gm and pure gold at Rs 26,255 for 10 gm....
Sustained trade below Rs 25,800-level will see dominance by the bears....
Silver prices are likely to witness lower levels in the next week....
MCX June gold futures skit below Rs 26,000 per 10 grams on Friday 17th May witnessing a loss of nearly 3 per cent in the last 2 weeks....
In first two months of 2013...
In Mumbai silver spot traded at Rs 44,100 per kg, standard gold at Rs 26,245 for 10 gm and pure gold at Rs 26,385 for 10 gm....
The COMEX Gold broke under $1400 per ounce this week and tested a five week low of $1363.30 per ounce, threatening to take it down in a way similar to last month....
Gold for June delivery are trading down $12 at $ 1375 per ounce on the NYMEX....
Short covering in Silver can be expected on sustained trade above Rs 43,300....
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