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Thursday, March 31, 2011

MCX market highlights Today | Commodity trading strategy

Silver and gold is trading at slightly edge today. MCX silver futures on December 58200 rupees per kg has crossed the record level. COMEX 37 dollars per ounce on silver is trading up.

Base Metals expiry of the March futures. Expiry day of the aluminum, lead, nickel and zinc business is declining. Although copper has seen growth in the April futures.

Crude oil trading is extremely slow. NYMEX the crude oil is still trading above 104 dollars. During the last three months average volume of crude oil declined by nearly 45 per cent.

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