Wednesday, July 2, 2014

Mcx gold silver sluggish, Intraday commodity gold silver tips

Gold and silver business is extremely sluggish today. In the international market, gold remains on the upper level of about 2.5 months. But the pressure is visible from the upper level. Price is around the level of the domestic market yesterday. MCX gold remains flat and around Rs 27740.

Pressure on base metals is strongly visible in Rs. Copper prices have come down to Rs 430. Aluminium is trading around Rs 112. Most of nickel declined and the price has come down to Rs 1,140. 0.15% of lead and zinc declined by 0.1%.

However MCX crude oil with a gain of 0.5% is trading above Rs 6,340.

Mcx gold silver tips-
mcx gold sell below 27880 target 27600/27500 stoploss 28050
mcx silver sell 45100 target 44400 stoploss 45400
mcx copper sell below 429 target 424 stoploss 431


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