MCX Bullion metals gold and silver are
trading with marginal gaines in the international market. The gold is
moving too much fast at Comex. Currently the gold prices are $1780 in
the global commodity market. Crude oil is continuing with the
weakness like the last week.
In the domestic commodity market MCX
the investors and traders were believing that the gold prices may go
up due to the gain in the Rupee against the dollar. But it could not
be fulfilled as the Strengthening Rupee could not support the gold
prices at Multi Commodity Exchange.
Crude oil Prices in the domestic
commodity market trading may test the Rs. 5130. MCX Crude oil prices
are trading in the range 4850 – 5150. In today's trade the crude
oil is showing some weakness which will be covered in the today's
later trade session. MCX Crude oil are having a strong support of Rs.
4850 while the Resistance is being expected to move around 5100-5130
levels.
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