Wednesday, April 18, 2012

MCX Gold and Silver Tips, Copper Updates, Gold Updates Today 18 April 2012

Gold futures along with silver can open in positive territory tracking firm opening in international markets. Gold can trade in range of Rs. 28,350-28,650 and silver can also trade in range of Rs. 55,500-56,500 in near term. Base metals counter can trade sideways with positive bias with some short covering seen at current levels. Copper may trade in range of Rs. 413-417 while Lead may trade in range of Rs. 106-108 and zinc in range of Rs. 102-104.40 in near term. Crude oil can also trade on firm path continuing yesterday gains and can test 5,400 in MCX.