MCX Commodity Tips For Today: Gold Silver and Base Metals Updates

Silver July contract was trading at Rs 44543 and has seen a decline of nearly 600 points so far. However the decline is being seen in silver commodity still we can see a re-bounce if silver manages to regain the level of 44650 again while in gold we can see the buying momentum above 26750 level. Base metals are also trading in red zone. If we talk about copper, its June contract is trading below 396 after seeing a loss of 1.40 points. Inability to sustain above the level of 395 can put more selling pressure and copper can decline further to 394-393.50 level. Buying is advocated above 101.30 in Zinc futures with a strict stop-loss of 99.20 and a target set of 103-104.50 level.