This week of domestic market fall by a sharp point. On MCX
gold and silver performing very bad, MCX gold prices are started this week from
29700 but on Saturday at 12:58 pm it’s watched at 27892. This was a big depreciation
on gold prices near 6 month low on global market similar situation had seen in
US gold prices are following to USD
1547.50 and expecting to some correction in upcoming weeks, whereas on
China and Russia gold also had fall by more than 3% in this week. In upcoming week gold is expecting to trade
in the range of 26590 to 29845 and more on domestic market.
MCX silver prices again holding the hand of negative flag
and falling down on Domestic market. This Week MCX silver for May delivery falls
by more than -3000 point in red side. On Monday silver open above 51300 and on Saturday
at 1:00 pm it’s watched at 48858.domestic market Silver prices are expecting to
Bounce back again with a good volume. On upcoming week silver again crosses the
level of 50000.
Base metals are surviving on both directions with a low movement. Copper, nickel and lead are performing well
on MCX report. This week MCX copper are closing on down side by a few point but
positive data is coming from LME and this will surely give some positive trend
and support to Asian market copper. While nickel and lead are forcing the
investor to hold their position for future trade and that’s the reason behind
low reverse trend in this metals. Nickel and lead demands are changed in
overseas market and in china’s required most.
Cotton and crude are dumb in MCX market, in previous month a
time come when domestic crude crosses the level of 5300 but again its prices are
comes to 4900. In this week MCX crude perform average with most red side. On Monday
crude up in US market by 60 cent, but on domestic market crude oil are fall by
more than -100 point on Saturday. Whereas cotton prices perform worst in this
week and comes to 18650. In upcoming week some positive data is expected near
18900 .
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