MCX gold silver trading news for Today

Commodity Gold Silver News:
Gold prices managed to snap the morning session declining trend on Thursday. The yellow metal prices had gained some ground early in the day on renewed hopes.
COMEX decline in gold and silver on the domestic market were down. gold silver is decline in COMEX market its impact on Domestic market With a marginal decline on MCX gold is trading around Rs 29073. While silver has been around 0.5 per cent fall to Rs 54238.

Gold silver Trading tips
Spot gold prices increased 0.4% and silver gained by 0.3% yesterday as buying emerged at lower levels during late trade yesterday
Expert expected to strengthen further and this coupled with continuing economic concerns is expected to add to pressure on precious metal prices today.

Strategy for Gold Silver trading

Gold Silver Update:

This week will be on U.S. economic data much of the focus for gold and the implications for future monetary policy from the Federal Open Market Committee. In the international market gold little upside and silver trading is slow. With a marginal decline on MCX gold is trading at Rs 28857. While silver has been around 0.5 per cent fall to Rs 53856.

Gold Trading Strategy:

In domestic market both Gold and silver are consolidate trend you may sell gold and silver on high. If gold Cross this levels 28879 it may go up side you may buy above this level, and strong support level is 28794.
SELL GOLD JUN BELOW 28840 TARGETS 28817, 28790, 28764 STOPLOSS 28883

COMMODITY LIVE RATE, MCX COPPER UPDATE AND TIPS TODAY

On London Metal Exchange, Copper has traded flat business in previous. At the Multi Commodity Exchange, Copper for delivery in June rose by 0.74 percent to Rs 429.2 per kg. Analyst said MCX Copper is making sell position.

Advices for traders can Sell MCX Copper below 429 June future contract targets 428,427.

MCX Commodity market is showing positive in current time. Traders can see table which are given below.

           MCX Commodity Market Live rate

 

MCX COMMODITY	LIVE RATE	% Change
MCX GOLD	29079	121
MCX SILVER	54541	190
MCX CRUDE OIL	5101	30
MCX COPPER	429.25	3.15
MCX LEAD	108.1	0.8
MCX ALUMINIUM	110.65	0.5
MCX NICKEL	942.8	4.8
MCX ZINC	106.1	0.85