Thursday, August 4, 2011

MCX Commodity Market updates today

Bullions may continue yesterday gains tracking firm international markets. MCX Gold & Silver are trading on higher prices. MCX Gold is trading above Rs. 24000 and MCX Silver is trading above Rs. 61000. Base metals may open in red tracking weak opening in SHFE. MCX Copper may find some support at 420-425 while MCX nickel may find support at 1,040. Crude oil can witness some recovery after the recent sell off. Crude Oil rose from a five-week low in New York. Natural gas will eye the weekly inventory report as its prices can get support at 180 in MCX.

MCX Gold October contract is currently trading at Rs. 24145, it is up by Rs. 90 for the day. MCX Silver Sep contract is trading at Rs. 61645, it is up by Rs. 433 for the day. All Base Metals in MCX are trading flat for the day.  MCX Crude Oil Aug contract is currently trading at Rs. 4093, it is trading flat for the day.
  • Precious metals are trading mixed on COMEX today.
  • Base metals are trading higher on International bourses today.
  • Crude oil is trading lower on NYMEX today. 

FREE MCX trading tips, commodity updates, MCX Gold & Silver prices, commodity market news, NCDEX Agri commodity tips, free mcx tips