Thursday, August 11, 2011

MCX Commodity Market Updates Today | MCX Gold Tips

Gold may continue its historic bull run as its prices are making new high each day. Today both bullions metals Gold & Silver trading in higher prices. MCX Gold prices can trade in the range of Rs. 26,000-26,500 and MCX Silver prices can trade in range of Rs. 58,500-60,000 on domestic bourses.

Volatility in the base metals will persist on mixed sentiments. MCX Copper may trade in range of 385-395 on domestic bourses while MCX Nickel may also trade in range of 945-980 in near term.

Crude oil may tad further lower and witness profit booking but will be in range of 3,650-3,750 in MCX. MCX benchmark oil futures may start today session below Rs 3700 levels with  support around Rs. 3640-50 levels.

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