Monday, April 23, 2012

MCX Gold and Silver Tips, Copper Updates, Crude Updates Today 23 April 2012

MCX Gold and Silver Tips Today:
Gold along with silver can trade on mixed note with some profit booking at higher level can be seen. Tomorrow India will be celebrating Akshaya Tritiya which is considered auspicious for gold buying. Meanwhile Gold can trade in range of Rs. 28,600-28,800 and silver can also trade in range of Rs. 55,500-57,500 in near term.

MCX Base Metals Tips, Copper Updates:
Base metals counter can trade with negative bias tracking weak international markets. MCX Copper may trade in range of 418-425 while Lead may trade in range of Rs. 109-111 and zinc in range of Rs. 103.50-105.50 in near term.

MCX Energy Tips, Crude Updates:
Crude oil can trade sideways with positive bias in range of Rs. 5,420- 5,500 in MCX. Oil traded near the highest level in three days after Iraq halted some crude exports. We expect crude oil may trade at lower prices today.