Bullions may open on firm note tracking positive international cues. Gold may trade in range of 21,800-22,100 and silver may trade in range of 52,500-53,500 in domestic market. Base metals may open on flat note amid mixed movement in SHFE. Copper may also trade in range of 426-430. Energy prices may trade in firm path tracking firm international cues as it can test 4,400 in domestic market.
- Gold prices rallied by around two percent on Tuesday.
- The yellow metal prices jumped despite the strength in American green back.
- Copper prices extended their uptrend for a sixth straight session on Tuesday as investors continued to pile up hefty positions in the base metal.
- Crude oil prices rose more than 2 percent on Tuesday.
Trading Strategies :-
- MCX Gold August contract is currently trading at Rs. 22036, it is trading marginally positive for the day.
- MCX Silver Sep is currently trading at Rs. 53833, it is trading up by 1.33% for the day.
- MCX Crude Oil July contract is currently trading at Rs. 4236.
