Downfall is
being observed in the prices of precious bullion metals gold and
silver in the international market.At Comex the gold dropped by
around .15 percent and reacged to the 1658 dollar. It is the current
price of gold as on 30 August 2012. while the silver dropped
0.5 percent and reached to $30 per ounce.
Following the global
trend the gold at domestic market declined by 0.32 percent. The
current price of gold in the mcx commodity market is a Rs. 30850
while the silver at mcx closed at Rs. 57600.
At
Nymex Crude oil is falling down. The last day it closed with the
sharp decline of .35% while prices are at $ 95 per barrel. MCX crude
on Wednesday, with 0.86 percent fall closed to Rs 5316.
Copper
on the London Metal Exchange traded in the red light yesterday.
Copper with 0.55 percent fall in the domestic market on Wednesday
closed at around Rs 422 with osteoporosis.
Our
Recommendations/Tips/Outlook for today's commodity market trading
MCX Copper is likely to see
the support level at around Rs. 420 and the resistance level at
around 428. Hence We advise you to go on Sell side for the copper at
mcx.
We recommend the mcx silver
to a buy call at around 57000 by placing a stop loss of Rs. 56600 and
Target 57800.
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Have A Nice Day !!!!!