In Bullions Gold and Silver both precious metals are trading under pressure today. MCX silver sliped by 0.24% traidng at 58278. MCX Gold has set a range bond of 29600-31000 level in this month. Today also mcx gold it is trading on a flat trend. The SILVER rate touched an intraday high of Rs 58369 and an intraday low of Rs 58195. So far 2254 contracts have been traded. International updates also define a decline mode in Bullions. Gold fell overnight, opening at $1680, before wavering after a disappointing initial claims number coupled with unexpected surge in U.S personal income. After touching a high of $1684, the metal declined, eventually trading to a low of $1657, before concluding the session at $1661. Silver also weakened overnight, opening at $32.05, before bouncing to a high of $32.10 after mixed economic data.
MCX Tips For Gold and Silver
Both bullion metals are looking in a negative phase today. MCX Gold is trading in its range. Sell is suggested in MCX Gold on Higher levels. In MCX Silver is trading on selling more so sell will be the better option in this. We suggest to trade in small profit for today due to volatility in Commodities today.
Commodity Tips Today:
MCX Copper is suggested for Buy at 443 with a Stoploss at 441, and a Target of 446.
Crude Oil is suggested for Sell at 5180, for the Target of 5150 and a Stoploss at 5200.
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