MCX Gold Silver Tips and Base Metals News Updates for Today

Precious metals started the day with the spark of upside in the domestic commodity market. Both Gold and Silver are trading in buoyant mode. With the gain of more than 1% MCX Silver is approaching 57000 level while MCX Gold is trading near Rs. 27880.

Day traders are advised to trade in these metals on Dips.

All metals except aluminum on MCX is trading at a huge edge.Nickel gained nearly 1.5 percent, while of lead leaping more than 1 per cent. The copper and zinc is trading with gain of nearly 1 per cent.

Commodity Updates: MCX Gold Silver Tips Today

A decline has been seen in Gold prices . A lackluster trade is being seen in Silver Commodity. International market is also facing the same declining trend. Weakening of dollar against rupee has also influenced the precious metals prices. Currently MCX Gold is trading near Rs. 27435 with a loss of nearly 0.30 while Silver on MCX is looking at the small edge and is trading around Rs. 55600.

MCX Silver Surged, Copper, crude Likely to Go Up: Commodity Updates

MCX Silver is trading higher with a gain of more than 1.30%. Gold, with moderate gain is also trading up near 27550 level. These precious metals are likely to to remain bullish for the day. Crude oil after has come out its decline phase and again heading towards 5000 level. Traders can buy crude around 5010 level for the target of 5055-5070.

Copper is recommended to buy above 421.50 for the target of 423.50-424.50.