Tuesday, April 24, 2012

MCX Commodity Tips ~ Copper & Crude Updates, Gold & Silver Tips

Precious metals are trading flat on MCX today. Gold and Silver are trading at higher prices today. We expect prices to trade flat for the day. All base metals are trading on a positive note today. Today MCX Copper is trading in the range of Rs. 420-430. We expect prices to trade higher for the day. Crude oil is trading lower on MCX today. Crude oil is trading in the range of Rs. 5440-5490. We expect prices to trade lower for the day.

Pepper futures slipped due to marginal increase in daily arrivals in major spot markets. Turmeric prices are expected to trade slightly lower on back of prevailing weak demand from exporters. Jeera prices are expected to gain due to firm domestic as well as export demand. Cardamom prices are expected to continue the correction during the day on back of exporter resistance in bulk buying.