Bullions trading is advised as some profit booking cannot be denied at present levels. Gold prices can test Rs. 23,400 while silver prices can test Rs. 61,000 in MCX in near term.
Base metals may remain sideways with positive path tracking positive opening in SHFE. Euro zone debt worries continue to pressurize the Copper prices. Aluminum prices are showing some support at current levels.
Crude oil may trade on flat note tracking mixed overseas cues. Crude oil can trade in range of Rs. 4,200-4,300 in near term.
Gold prices rose further by 0.12% to Rs. 23,258 per 10 grams, in futures trade on Tuesday. The yellow metal for October delivery moved up by 30 rupees, or 0.10%, to Rs. 23,548 per 10 grams, with a turnover of 6 lots.
- MCX Gold is currently trading up by Rs. 49 for the day at Rs. 23276.
- MCX Silver Sep is trading at Rs. 60375, it is trading up by Rs. 502 for the day.
- MCX Crude Oil July is trading at Rs. 4345, it is trading up by 1% for the day.
- All Base Metals in MCX are trading positive for the day.
