Monday, July 18, 2011

MCX Commodity Market News for Today

Bullions may remain on firm note continuing last week gains and yellow may continue to register fresh life time highs in near term. Gold prices can test Rs. 23,300 while silver can test Rs. 60,000 in MCX soon. Spot gold touched a record high on Monday. Base metals may trade sideways with positive bias. London copper edged up on Monday. Crude oil may trade on flat note tracking mixed overseas cues. Crude may trade in range of Rs. 4,300-4,400 in MCX .

Precious metals are trading higher on NYMEX today. 
Base metals are trading marginally higher on International bourses today.  
Crude oil is trading higher on NYMEX today.

Crude Oil for August delivery eased $0.24 or 0.24% to $97 a barrel on the New York Mercantile Exchange. In London, Brent crude for August delivery eased $30 to end at $116.96 a barrel on the ICE.