Friday, May 4, 2012

Copper Updates, MCX Silver Tips, Gold Updates Today 04 May 2012

Gold along with silver can open on positive note tracking firm overseas cues. Gold can trade in range of Rs. 29,050-29,350 and Silver July contract can trade in range of Rs. 56,000-57,000 in near term. All base metals are trading at positive note today. Copper may trade in range of Rs. 442-450 while Lead may trade in range of Rs. 111.50-113 and zinc in range of Rs. 106-108 in near term. Crude oil can witness some short covering after yesterday fall. It can trade in range of Rs. 5,480-5,580 in MCX.

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