International Market Update by Money CapitalHeight


GOLD $ 1346

SILVER $ 19.93

COPPER $ 332.1

CRUDE $ 48.35

INR 67.33.

Give Missed Call at +91 830-630-830-8

International Market Update by Money CapitalHeight


GOLD $ 1244.10

SILVER $ 16.41

COPPER $ 313.60

CRUDE $ 49.08

INR 66.90

Give Missed Call at +91 830-630-830-8

Industrial Demand For Silver Rises, Prices May Rebound

buy-silverSilver prices may rebound from this level as demand for this metal rises in solar panel and mobile phone industry. It is highly used in televisions and aircrafts as well. On MCX it is currently trading near monthly support of Rs.38500 per kg. It is a strong support for silver as prices got bounced sharply several times from this level. 37800 is also a strong support below this level. On COMEX also it is sustaining above psychological level of $16 a troy ounce.

For today’s evening trade one should go for buy above 38750 with the stop loss below 38470 for the target of 38950 and 39150.

Silver Today

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Gold Slumped Below $1200 on Growing Expectations of Interest Rate Hike And Strong Dollar

gold downGold slumped below $1200 on growing expectations of interest rate hike and strong dollar
Gold futures dive below $1200 on COMEX first time since February 2016 after Fed Chair Janet Yellen signaled an interest rate hike very soon in upcoming months. U.S. dollar also lifted to highest levels against other major currencies which also weighs on yellow metal. Gold prices declined nearly 3 percent in the previous week and now trading at support levels.

The next support level for gold in COMEX is $1183 and resistance for gold is $1217. A bounce in prices is expected from this support level and prices may gain in the next two to three trading sessions. Silver prices also sheds in influence of Gold and currently trading near $16 a troy ounce.


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Its buying opportunity in Gold!, trading near its potential reversal zone

Gold News

Gold News

Gold prices declined for the consecutive 7th trading session on strong U.S. economic data and a hope for hike in U.S. key interest rate in June-July.  Gold prices on COMEX fell up to $1211 an ounce on Thursday after strong Unemployment claims figures.  On MCX Gold June contract declined up to Rs.28705 per 10g in the evening session.

                                      Today the market is heading eyes towards the Fed Chairman Janet Yellen speech on the expectation of interest rate hike in the upcoming months. On COMEX gold is trading near its important support of $1210 and a bounce back in prices is possible from this potential reversal zone (PRZ). On MCX gold seeks a strong support near 28300 and traders can follow buy on dips strategy for the next two to three trading sessions with the stop loss below 28300. In Upside gold holds a resistance near 29150 and 29400.

Gold today capitalheight


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