Commodity Updates for Today

Due to Strengthening of the rupee against the dollar, MCX Gold and Silver prices have declined significantly. Silver has lost more than 1% and trading below 52400 level while Gold has come down to 29780 level.
Crude oil has also suffered much as rupee has witnessed some strenth against dollar. Crude has been declined nearly 1.80% and it seems to slip down below 4500 level. Base metals have also declined nearly 1%. MCX copper is trading at 413 and it has dropped by 1%.

Gold Silver Trading Strategy- :Since near term trend of Gold is intact so one can adapt buy on dips strategy in Gold. Silver can be accumulated at around 52150-52000 level. 


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