MCX Base
metals are in the mixed trend this hour.The MCX Copper was trading
rapind in the early session. Now it is in the decline trend. The
lead and zinc are trading with losses. In International market London
Metal Exchange is under the selling pressure which has affected the
commodity markets worldwide.
At home the MCX Copper
is the only commodity having the increase in the price Rest all the
metals including zinc, lead, copper are trading with a decline of
around .25 to 1.5 percent. After the rapid fire session of
yesterday's trade the MCX Crude oil is also in the downside trend.
The Comodity trading in the domestic and International market are
weak. The US Energy Department will it's report tomorrow i.e. On
Thursday 11 October. As per the market sentiments the crude oil
reserve in the US is expected to grow in this quarter.
MCX Bullion metals are
trading weak this week. on
MCX we suggest selling gold around Rs 31,500-31,600 per 10 grams and
expecting targets of Rs 31,200 per 10 grams in the next three
sessions. Similarly MCX Silver is also volatile this hour.
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