Today commodity market showing a both color on intraday trade, on morning trade most commodity are watched on green side. On interbank foreign exchange rupees again touch a new low of 58.96 on Tuesday. While some recovery are being expected in rupees within this week said by finance minister.
On bullion market gold for August delivery touched an intraday high of 28288 with a low of 27678. On evening trade gold price are expected to be volatile with high movement. Whereas on global market at US gold was down by 1.1% at 1371.11 an ounce for future delivery.
Silver prices in domestic MCX market are expecting to be fall due to bearish trend in Asian market. In India MCX for July delivery silver for future delivery expected to slump more with some upper movement. On intraday trading silver prices touch a high of 44445 and low of 43360.
Sell lead below 124.50 tgt 124, 123.80, 123……………sl 127
Sell silver below 43550 tgt 43500, 43400, 43400---……….sl 44500
Sell gold below 27850 tgt 27800, 27700, 27650-----…………sl 28300
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