Tuesday, September 20, 2011

MCX Gold, Silver, Copper, Crude, Natural gas Report & News Today

Bullions: Gold prices may open on firm note tracking bounce back in international markets. MCX Gold is just 2.5% away from its previous record high of Rs 28744 while COMEX Gold is 5% down from its record high.

Ferrous and non ferrous metals:
Base metals may remain under selling pressure and can trade lower.  Copper price may test the key support of 400 on domestic bourses. Copper prices slid to a 9-1/2-month low on Monday. Nickel may trade in range of 1,000-1,010 on domestic bourses.

Energy: Crude oil prices can also dip lower. Crude oil can test 4,100-4,050 on domestic bourses. Natural gas may trade in range of 180-190 in near term.

MCX Gold  October is currently trading at Rs. 27674, it is trading flat for the day. MCX Silver Dec contract is currently  trading at Rs. 63667, it is marginally up by Rs. 374 for the day. MCX Crude is  currently trading at Rs. 4153, it is up by Rs. 28 for the day. All Base Metals in MCX are trading on a flat note for the day.

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

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