Wednesday, September 7, 2011

MCX Commodity (GOLD, COPPER, CRUDE) Report & Tips Today

MCX Gold October is currently trading at Rs. 27450, it is down by Rs. 525 for the day. Silver spot market is currently trading at $41.30, it is down by 57 cents for the day. MCX Silver Dec contract is currently trading at Rs. 63955, it is up by Rs. 645 for the day. MCX Crude Oil Sep contract is currently trading at Rs. 4000, it rose by 1.86% for the day.  All Base Metals in MCX are trading on a positive note for the day.

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

• NYMEX crude trades above $86/bbl  Wednesday after 0.5% slide yesterday.  
• Strength in equity markets support crude  oil prices.
• NYMEX gas trades weaker after 1.7%  gain in the previous session. 
• Mixed weather forecast is weighing on  natural gas prices.

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