Wednesday, March 23, 2011

MCX Trading Tips: Gold futures remain steady, silver tad down

Gold futures continued the uptrend for the fifth straight day on Tuesday, as spiraling crude oil prices due to Allied air strikes against targets in Libya and renewed tensions in other Middle East nations stoked more concerns over supply disruptions. 

MCX's most active April contract at Rs 20,911, up Rs three and so far moved between Rs 20,928- 20,897/10gm. Contract volume was 760 lots.

MCX gold mini most active April contract traded at Rs 20,902/10 gm, up Rs three and fluctuated between Rs 20,914- 20,886/10gm. Volume was 1,192 lots.

Most active silver May contract receded by Rs 51 at Rs 54,245/kg and so far made intra-day high and low of Rs 54,269- 54,170/kg so far. Volume so far was 1,741 lots.

MCX silver mini April contract moved down Rs 57 at Rs 54,241/kg and traded between Rs 54,320- 54,171/kg. Volume recorded 3,203 lots.
 

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