Commodity Bullion Updates:
Domestic Bullion market started off
with positive bias. The trend is looking bullish with MCX Gold
trading above 30100 and Silver above 55200 level. Yesterday gold
managed to close above 30000 at 30057 and witnessed 0.30% rise while
silver closed with slight decline to close at 55017.
Crude Updates:
NYMEX crude started with
slight downfall but has recovered now and currently trading above
$83/barrel. However mcx crude trend is still intact and after
witnessing a decline of 0.30% on Wednesday, it has decline 0.30%
again to trade around 4625 level. A trade below 4600 can bring
prices down to 4550 level.
Copper Trend:
Base metals opened in
positive note. MCX Copper is trading higher with nearly 0.50% rise.
If it manages to sustain above 412.50, we can expect copper prices to
go above 416.50.
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