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Wednesday, June 8, 2011

MCX bullion market outlook | OPEC Metting Analysis For Crude oil

OPEC Meeting Analysis

MCX Index
At the MCX COMDEX is trading down by 18.77 points, or 0.54%, at 3,440.81 after opening at 3,456.74.
MCX bullion market outlook
Today's sharp decline in copper. Copper down on MCX is trading around 1 percent. While silver is going to decline.

Silver Decline by 500 to 54,700 per kg, while gold declined Rs 130 to 22,680 per 10 grams today.slowdown comes due to high level amid a weakening global trend.Trading sentiments turned bearish after gold shed 0.4 per cent to USD 1,538.50 an ounce in the overseas markets, as European debt concerns eased, eroding the appeal of the precious metal as a safe haven asset. The white metal also declined by 1.2 per cent to USD 36.70 an ounce.
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