Because of weak global cues futures trade, Gold and Silver prices have declined. MCX Gold price for June delivery fell 0.52 percent or Rs 158 per ten grams to trade at Rs 29940. While the price of gold for delivery in April fell by 0.50 percent or Rs 148 per ten grams is at 29661 level.
MCX Gold prices fall is mainly due to a slowdown in global prices. In the international market the level of Gold has come to $1254 per ounce with Fell 0.54 percent.
In Silver with gold futures trading has also declined. On the MCX, silver prices for May delivery fell 0.79 percent or Rs. 297 to trade at Rs 37,130 per kg. The prices for delivery in June fell by Rs. 262 per kg to trade at 37,613.
MCX NCDEX Tips Today:
Buy Crude March in between 2485/2480 stoploss 2465 target 2540.
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