Wednesday, March 16, 2011

Commodity MCX Trading Tips>>Gold, silver futures recover on global cues

Gold, silver futures recovered to post nominal gains during the evening session of trading on Multi Commodity Exchange (MCX) Wednesday, thanks to recovery in international spot. Spot prices of both precious metals however, lowered sharply in major markets. International gold spot traded at USD 1,401.64/oz, up 8.54.   

MCX's most active April contract at Rs 20,677/10 gm, up Rs 72 and moved between Rs 20,960- 20,601/10gm. Contract volume was 13,117 lots.

MCX gold mini, most active April contract traded at Rs 20,672/10 gm, up Rs 60 and fluctuated between Rs 20,680- 20,590/10gm. Volume was 16,451 lots.

Most active silver May contract gained Rs 366 at Rs 52,450/kg and so far made intra-day high and low of Rs 52,485- 51,711/kg so far. Volume so far was 35,480 lots.

MCX silver mini April contract moved up Rs 362 at Rs 52,454/kg and traded between Rs 52,483- 51,780/kg. Volume recorded 52,930 lots.

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