Gold became cheaper by 7% this month , in a strongly declining crude. MCX gold with 0.50 per cent at Rs 24 591 per 10 grams level, is trading at . Silver also declined , while the same Rs 33 856 per kg on MCX silver prices slipped occurred.
The supply and demand remain weak due to high crude oil prices continue to fall. While all metals except nickel Base Metals is red. Agri commodities in terms of shopping, returned to lower levels.
Crude oil August Futures declined by 1 per cent to Rs 3,100 per barrel, has slipped down . In terms of the BaseMetals all but nickel is trading with a loss.
MCX Bullion Tips Today :
MCX Gold (August futures ) Sell 44 850 , target 24,720 to 24,600 , stoploss 24 980
MCX Silver (Sept. futures ) Sell 34 180 , from 33,950 to 33,700 goal , stoploss 34 400
MCX Crude oil (August futures ) Sell 3160 , target 3120-3060 , stoploss 3200
MCX Nickel (August futures ) Sell 707 , target 688 , stoploss 720
MCX Copper (August futures ) 340-341 Sell , target 335-332 , stoploss 344
The supply and demand remain weak due to high crude oil prices continue to fall. While all metals except nickel Base Metals is red. Agri commodities in terms of shopping, returned to lower levels.
Crude oil August Futures declined by 1 per cent to Rs 3,100 per barrel, has slipped down . In terms of the BaseMetals all but nickel is trading with a loss.
MCX Bullion Tips Today :
MCX Gold (August futures ) Sell 44 850 , target 24,720 to 24,600 , stoploss 24 980
MCX Silver (Sept. futures ) Sell 34 180 , from 33,950 to 33,700 goal , stoploss 34 400
MCX Crude oil (August futures ) Sell 3160 , target 3120-3060 , stoploss 3200
MCX Nickel (August futures ) Sell 707 , target 688 , stoploss 720
MCX Copper (August futures ) 340-341 Sell , target 335-332 , stoploss 344
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