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Thursday, June 9, 2011

MCX Commodity Market Strategy and Call For Today

Gold and Silver Index Analysis When Trade into >
MCX Intraday Call For Today 9 June Evening Roundup
MCX Gold (August): Buy - Above 22,500, Stoploss -22450 target - 22600
MCX Copper (June): Sell -Blow 405, Stoploss - 408.50 Target - 400
MCX Index outlook
COMDEX is trading up by 7.86 points, or 0.23%, at 3,480.45 after opening at 3,472.51.
MCX Bullion Market Watch
 Today Silver Recovered By 4400 To 55,100 per Kg Due To Global trend While Gold Decline By 30 to 22650 per 10 Gram due to sluggish demand at existing high levels.
Buying activity in silver gathered momentum as the metal prices rose in global markets amid fresh buying by Traders and jewellers for the marriage season, traders said.

Gold in global markets, which normally sets a price trend on the domestic front, declined by USD 1.

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