AHMEDABAD (Commodity Online): Gold and silver stays in positive territory due to marginal buying in China and Asian market from beginning of the week. Rising Euro lent some support to precious metals prices.
Asian equity market stays in positive territory in Wednesday which support Gold and Silver prices. On Thursday, MCX Silver December delivery contract dropped almost 1.5 percent to 53228 rupees per kilogram.
Silver futures lynch at crucial resistance 54500 rupees per Kilogram. Buying expected to remain upbeat in evening session following green closing of Indian Equity market.
MCX Silver may note some gains tracking cues from international exchange however upside is looking limited above 55000 rupees. International Silver may trades higher today supported by higher Gold and industrial metal price, informed Amrita Mashar, analyst with Commodity Online.
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