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Gold prices have witnessed a support from 28040 -28020 and recovered from the low and ended higher, prices are expected to test 28300 -320 on higher end.

Silver prices are likely to remain positive if sustains above 56200 and test 57550 on higher end. Oscillators are in negative zone.

We expect gold and silver to trade with a negative bias today taking cues from a stronger dollar index and weak sentiments in the global markets. Silver will also take cues from downside in base
metals too. However, depreciation in the Indian Rupee will cushion sharp decline on the domestic bourses.http://www.sharetipsexpert.com/freetrail.aspx

Precious metal imports are unlikely to increase instantly as the spurt in need on account of 21-day mix by gold investors will be met by current shares.

The arrive at is likely to effect gold imports during January-March. The imports are approximated to fall by 55% to 124 lots as opposed to same interval last season.

Silver bulls may be expecting that the metal's healthy first-quarter price increase is the first take a step back towards history peaks.http://www.sharetipsexpert.com/freetrail.aspx

Gold prices recovered moderately at the domestic bullion market here today on renewed demand from stockists and investors amidst good jewellery offtake.

In contrast, silver fell on mild speculative selling coupled with reduced industrial demand. Standard gold of 99.5% purity climbed by Rs 90 to finish at Rs 27,984 per 10 grams from last Saturday's closing level of Rs 27,894.

GOLD - JUNE - A week ago it was described that as continues to be 28700, a chance to short and high change rate will not be maintainable and a chance to offer only.

Silver - As described a week ago in this pillar, staying below 57800-58000, time to offer and lower level assistance 56000.

pawancarrot wrote:GOLD - JUNE - A week ago it was described that as continues to be 28700, a chance to short and high change rate will not be maintainable and a chance to offer only.

Silver - As described a week ago in this pillar, staying below 57800-58000, time to offer and lower level assistance 56000.

Yesterday just see what happened... above 28600 and made a high 28780... Now today higher level selling opportunity with stop-loss...? Lower level support 28556.