Gold Updates

Gold futures edged higher to recover a fraction of recently-lost ground on Monday, with a weaker dollar providing some support. Gold futures for December delivery is trading up $5.10 to $1,680.40 an ounce in electronic trading on the Comex division of the New York Mercantile Exchange. The counter traded in the range of $1684.7-1672.5 per ounce in today's electronic trading session. The Silver December contract is quoting at $30.915, up 0.058, after moving in the range of $31.190-30.655 an ounce.

The USD gained its strength further with Euro dropped below the 1.28 mark level, the currency quoting at $1.2788, down 0.37% against the greenback from last day close. Local currency was sharply weaker Monday with the currency quotes at Rs 54.63 per USD, up 1.54%. Besides firm global cues, weak local currency added further advance in the local gold prices. http://www.stocktipsexpert.com/
 most active December delivery spurted by nearly Rs 300 or 0.995 to Rs 30840 per 10 grams. The counter is likely to face stiff resistance at Rs 30850-30950 and supports at Rs 30700-30600 per 10 grams. The MCX Silver benchmark December gained by Rs 670 to the session high Rs 58,269 level and next resistance is at Rs 58,300-58,450 and supports at Rs 58,000-57,800 level.

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