Friday, March 30, 2012

MCX Commodity Tips, Gold Updates, Silver Updates, MCX Updates Today

In precious metals Gold and Silver are trading flat on MCX commodity market today. Gold is trading above Rs. 28,100 and Silver is trading near at Rs. 57,000. We expect prices to trade range bound for the day. All base metals are trading on a flat note today. Support for April copper is seen at Rs.426 while resistance is seen at Rs.438. We expect prices to trade lower for the day on account of signs of slowing growth in top consumer China. Crude oil is trading lower on MCX today. It is trading in the range of Rs. 5270-5310 in today's trading session. We expect prices to trade lower for the day.