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.

Indian Commodity News and Updates, MCX Live rate today

Indian Commodity gold futures are expected to expand losses from their lowest level in six weeks on prospect of physically powerful strong rupee, although bodily buying could bound the weakness.

The rupee bounced from its near record low against the dollar on Tuesday. The local currency plays an important role in determining the landed of the dollar quoted fair metal.

Now we talk to Agri market so Cardamom futures are expected to trade higher supported by fall in crop yield for session 2012 to 2013. New session produce estimates by planters body is 9,000 tons only as compared to last year, whereas cardamom consumptions in India is estimated at 11 to 12 tons per annum.

      MCX Live Update Today

MCX Commodity Index	Pre. Close	% Change
MCX Gold	28070	-174
MCX Silver	53202	-433
MCX Copper	423.3	-1.75
MCX Crude Oil	5084	-27
MCX Zinc	103.45	-0.05
MCX Lead	109.2	-0.35
MCX Nickel	918.2	1.2
MCX Aluminum	107.6	-0.55