sharp decline could be seen in international precious metals. Comex
gold and silver has witnessed nearly 1% decline which have affected
the prices in domestic market also. MCX gold and silver started the
day with red mark. Gold has Suffered nearly 40% and trading below
30000 level while silver prices have come down to 55450 level.
However the trend is still intact and as long as Silver does not
break the barrier of 55000, we can expect a bounce back rally. Gold
is expected to extend the bearish trend if it trades below 29900
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