Comaks sharp decline in the gold and silver.Therefore, the decline of international market, gold and silver in the domestic market is looking weak.
With nearly 0.5 per cent on MCX gold is trading at Rs 30 180. While silver has nearly 1 per cent fall to Rs 54 070.Comaks 0.75 per cent in gold and silver declined by 1.7 per cent. On MCX, crude oil slipped nearly 2 per cent to Rs 4560 has arrived. Naimaks the crude oil with 1.5 per cent has come close to $ 80. MCX 0.5-1 per cent in the base metals have been recorded.
AUGUST potato futures on NCDEX is down 2.5 percent, the October and November soybean futures declined by 1.5 per cent. Around 1 per cent of the chilli on NCDEX with strength is close to Rs 5,000.Sugar with 0.5 per cent to Rs 2,900 is reached across.

GOLD (AUG) – Gold fell $28.82 to as low as $1590.78 just after the fed’s announcement before it climbed back above $1620 over the next couple of hours of trade, but it then fell back off into the close and ended with a loss of 0.82%. Silver slipped to $27.73 just after the fed’s announcement before it also bounced back higher, but it then dropped again in late trade and ended with a loss of 1.23%.Resistance and support levels for the today’s session for Gold AUG contract 2012 are:

TREND BULLISH
SUPPORT 1: 29990
SUPPORT 2: 29685
RESIST1: 30430
RESIST2: 30685

SILVER (JUL) – MCX SILVERMIC June contract was trading at Rs 54525.00 up Rs 48.00, or 0.09%. It touched an intraday high of Rs 54575.00 and an intraday low of Rs 54322.00. So far 36254 contracts have been traded. MCX SILVERMIC August contract was trading at Rs 55839.00 up Rs 22.00, or 0.04%. It touched an intraday high of Rs 55889.00 and an intraday low of Rs 55670.00. So far 5547 contracts have been traded.

Silver is Expected resistance and support levels for today trade are as follows.

TREND CONSOLIDATE
SUPPORT 1: 53820
SUPPORT 2: 53555
RESIST1: 54870
RESIST2: 55360

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