Posted by : Niti Mathur

Free Commodity Tips Commodity Updates and Trend Today

Due to Dollar strength Gold prices declined in the international market. COMEX gold is trading 1.5 % lower at $1292 from its previous close. However, due to weakness in Indian rupee MCX Gold price are down in the domestic market. MCX gold is trading around 27900.


MCX Gold Tips


In MCX, Gold trend is looking consolidate to bearish. Might get more bearish after getting 27790 level and may fell to 27400 level today. We suggest to sell MCX Gold on higher level.
Silver is also trending weak on technical charts. With a loss of 1.34 per cent on MCX, silver is trading below Rs 41000. However, COMEX Silver is up by 1 % and is trading at $ 19.5.

Crude oil futures on India's Multi Commodity Exchange (MCX) for August delivery hit its highest in 2013 on Friday amid positive global cues. The trend in MCX crude oil is bullish and is seen trading with high volatility MCX crude oil for August delivery was seen trading up by 0.99% at Rs.6621 per barrel as of 10.18 AM IST on Friday. Base metals showing a mixed trading momentum. Copper has dropped down to Rs 425. Aluminum is down by 0.2%. Nickel is also some strength. Lead and zinc are dull.

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