Friday, August 17, 2012

MCX Tips For Gold Silver|Crude Updates Today

MCX Gold Silver Tips

The spot market is down today. Despite pressure from the international market selling gold in the domestic market is strong. However, silver and crude oil in the domestic market has declined. 0.1 per cent to 0.4 per cent on gold and silver COMEX are weak. With a gain of 0.11 per cent on MCX gold is trading at Rs 30136. With 0.2 per cent, while silver is trading at Rs 53760. MCX Gold and silver both are looking bullish but due to international updates these precious metal may face a consolidate trend. We suggest a support level in MCX Gold at 30000 level for today. MCX Gold Tips are to buy on low, and same for the MCX Silver Tips.

Crude Updates

NYMEX the crude oil has slipped 0.5 per cent. Copper on the LME dropped 0.25 per cent. Crude oil slipped 0.2 percent in morning session but now it is looking to recover from that fall. MCX Crude oil is trading at Rs 5300 level today. Crude updates suggest a consolidate to positive trend in MCX Crude. MCX Crude tips are to buy on lower side to get maximum return.

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