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Daily Reports

16th Oct – MCX Bullion Report Update

By October 16, 2026October 17th, 2026No Comments

Fundamentals for the Day

6.00 pm Import Price m/m
6.45 pm Capacity Utilization Rate
Industrial Production m/m
Tentative Federal Budget Balance

Gold

Range: 148500 – 144500

Our Preference: Sell Gold @ 148500 target 145500 with SL 149000+ only if sustain

Alternative Scenario: Buy Gold @ 149100+ target 151000 with SL 148500

Trading Zone

146500 Buy @ 1st stroke

Gold is range bound so we will give sell from 148000 to 148500 every time cause its a range from here to move 145000 around.

Silver

Range :206000 – 218000

Early Sell @ 213500 SL 214800 target 209000

Our Preference : Sell Silver @ 218000 target 209000 with SL 220000

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