Gold Silver Trend Today & Copper, Crude Updates


Despite the weakness in the international market, bullion metals has gathered momentum in MCX. The decline in rupee against the dollar has supported the prices of gold and silver.

Gold prices can see further upside above 31200 level. Prices can elevate to 31500-31750 level while breaching the support level of 3100 may result in bearish trend in Gold commodity.

MCX silver has reached 60600 level and facing immediate resistance at around 61000 level. This precious metal can go up to 61500-61800 level above the resistance level of 61000. Intraday selling is recommended below 61200.

MCX Tips for Today: Crude prices are going up and one can buy mcx crude above 4890 for the targets of 4940-4970-5000 level. Keep a strict stoploss of 4840.

Copper is the another pick for today's commodity which is currently trading up 0.40%. Buy copper above 441 for the targets of 445-448.


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