Thursday, March 10, 2011

Commodity MCX Trading Tips>>Gold, silver move bullish with marginal gains

Uptrend remained intact in gold and silver futures as it traded high with mild gains on Multi Commodity Exchange (MCX) Thursday opening session. Gains in the overseas market coupled with weak rupee supported the price of precious metals. Gold in international market currently traded USD 1,335.76/oz, up 8.36. 
 
MCX's most active April contract at Rs 21,080, up Rs 29 and so far moved between Rs 21,086- 21,061/10gm. Contract volume was 1,175 lots.

MCX gold mini most active April contract traded at Rs 21,082/10 gm, up Rs 32 and fluctuated between Rs 21,088- 21,060/10gm. Volume was 1,931 lots.

Most active silver May contract gained Rs 258 at Rs 54,221/kg and so far made intra-day high and low of Rs 54,245- 54,003/kg so far. Volume so far was 3,199 lots.

MCX silver mini April contract moved up Rs 251 at Rs 54,217/kg and traded between Rs 54,240- 53,950/kg. Volume recorded 5,686 lots. 

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