Silver Updates

Select momentum oscillators like the Stochastic Slow has given a buy signal for Gold on the daily charts.  Hence, going ahead Monday's low is likely to be crucial for the rest of the week.

As long as MCX Gold February futures sustain above Rs 31,560, one can use dips as an opportunity to make fresh purchases. On the upside, Gold can spurt to Rs 31,850-odd levels.

In today's outlook, the Gold MCX February futures may face resistance around Rs 31,780-31,800-31,830. On the downside, Gold MCX may seek support around Rs 31,620-31,600-31,570.

The corresponding key levels for Gold Mini January futures are as follows - support at Rs 31,475-31,450-31,435, while face resistance around Rs 31,600-31,615-31,635.