MCX Gold is trading in a downtrend for today's session and the trend for silver is also downtrend the mcx market at Wednesdays session closed with mixed sentiments and today mcx gold June contract declined around 0.1 percent on account of appreciation in the Indian Rupee and touched an intraday low of Rs. 28635 yesterday. MCX Silver May contract dropped almost 1 percent taking cues from a stronger Rupee and touched an intra-day low of Rs. 54426 on Wednesday.
MCX Gold Silver Commentary for the day:
As both the bullion metals declined at the mcx commodity market index it is expected that gold and silver prices is going to trade higher. However, appreciation in the Indian currency may hold gains on the domestic commodity market.
