After the boom seen in international market, MCX Gold & Silver
commodities took a positive start in domestic market. Despite rupee
has strengthened against the dollar,
mcx Gold witnessed some up moves and it is trading above 29340 level.
Silver
is approaching towards 53000 level. A successful trade above the same
may extend the positive trend till 53500-53800 level soon. Day
traders can take long positions above 53950 for the targets of
53200-53500 .
In
Base metals, Copper is trading up and with 0.40% gain it is trading
near Rs. 427. We can expect copper prices to touch 428-430 level in
today's trade while below 424, some downside is anticipated.
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