Bullions may open on positive note continuing yesterday gains but investors should be very cautious as prices have run up very quickly in short span of time. Comex gold futures prices soared to a fresh all-time record high of USD 1,588.90, basis August futures, in active trading Wednesday.
- Base metals may open on flat note tracking mixed overseas cues.
- Copper ended flat on Wednesday.
- Copper may trade in range of Rs. 430-435.
- Lead can tumble lower towards 118 on domestic bourses.
- Crude oil can also trade on negative path as its prices can trade in range of Rs. 4,300-4,425 on domestic bourses.
MCX Gold August contract is currently trading at Rs. 22943, it rose by Rs. 23 in today's trade.
MCX Silver July contract is trading at Rs. 57487, it is trading up by Rs. 676 for the day.
MCX Crude Oil July contract is trading at Rs. 4370, it is trading flat for the day.
MCX Crude Oil July contract is trading at Rs. 4370, it is trading flat for the day.
All Base Metals in MCX are trading flat for the day.
