Friday, July 8, 2011

MCX Commodity Market Report today | FREE MCX Trading Tips

Bullions may open on flat note tracking mixed overseas cues. Gold may trade in range of Rs. 22,100-22,300 and silver may trade in range of Rs. 53,500-55,000 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper may trade in range of Rs. 430-440 in domestic market. Energy prices may also trade sideways on mixed path ahead of key nonfarm payroll data scheduled today. Crude oil can trade in range of Rs. 4,300-4,400 in domestic market.       

Gold prices furthered the gaining momentum for the fourth successive session on Thursday. Copper prices spurted around two and half a percent on Thursday to attain their highest levels in nearly three months. Crude oil prices ended higher on Thursday on getting good economic reports of private sector hiring, jobless claims.

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