MCX Gold Silver Tips Today :- Gold and silver have been sluggish today. Futures Market Gold Silver business has seen huge reduction. Due to lack of demand this year gold imports has seen drop. MCX Gold with moderately fast is trading around Rs 29 975, while silver is currently trading flat at Rs 53 352. International market gold and silver is in declining trend.
Gold October Futures Buy at -29 980, Stoploss -29 910, Target -30 100.
Silver September Futures Buy above - 53 400, Target -53 900, Stoploss - 53 150.
MCX Base metals traded are weak today. Zinc, Lead and Nickel decreased, while Aluminum and Copper business is sluggish. MCX Tips Free Trial
Copper August Futures Buy -414.5, stoploss - 412, Target - 418.
NCDEX Sugar August futures declined by 0.5% and price is around Rs 3,530.
Crude Oil Trend :- International crude oil prices remain under pressure from upper levels. Brett crude 11 weeks, while WTI Crude oil are trading at lower levels of 2 weeks. MCX Crude Oil has seen only modest gains and prices have gone up to Rs 5,100. However picture of Crude Oil demand and Economy has still not clear as well as It is expected to hurricane in Mexicans Coastal areas where the U.S. crude oil supply. Therefore it is projected to decline crude oil reserves in United States which will impact on crude oil prices.
MCX Crude Oil Tips : - Crude Oil August futures Buy above -5090, Stoploss – 5040, Target – 5160.