In the international market, Comex gold – silver are trading traded on the decline. Gold has witnessed a decline of 0.12 per cent and currently trading at 1727 dollars. Silver is trading with a loss of 0.5 per cent, although prices are above $34 per ounce.
MCX Silver might see an initial decline due to these international cues. Technically, nearest support is being seen near 62600 level and consistent trades below 62000 wil be required for
prolongation of fresh selling towards 61550/61100.
Copper, on London Metal Exchange (LME), is looking slightly strong. MCX copper is likely to trade positive above 442 while below the support level of 436.00. we can expect prices to decline to some extent.
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