MCX Bullion metals both MCX Gold and MCX Silver trading at lower levels. Downside may pressure may remain on gold and silver futures in today`s session tracking weakness prevailing in international markets. MCX Gold is traing near Rs. 26,000 and MCX Silver is trading around Rs. 52,000.
If we talk about base metals in MCX all base metals is trading at lower price today. Base metals pack may remain sideways. Copper futures may feel some downside pressure. Crude oil futures may trade rangebound. In MCX Energy products MCX Crude Oil and Natural Gas is also trading at lower price.
• NYMEX crude slips more than $1 Wednesday after 5.2% gain yesterday.
• NYMEX natural gas trades weaker after 1.2% gain yesterday.
If we talk about base metals in MCX all base metals is trading at lower price today. Base metals pack may remain sideways. Copper futures may feel some downside pressure. Crude oil futures may trade rangebound. In MCX Energy products MCX Crude Oil and Natural Gas is also trading at lower price.
• NYMEX crude slips more than $1 Wednesday after 5.2% gain yesterday.
• NYMEX natural gas trades weaker after 1.2% gain yesterday.
