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Tuesday, July 5, 2011

MCX Gold and Silver Prediction For Today

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MCX Commodity Intraday Call
Copper (August) buy: -418,  stoploss -411 , Target -427

Gold Market outlook
On MCX Gold Aug Future Trade Up by .15% At 21775 per 10 Grams Afternoon Today Due To weaker rupee. the rupee off touched in previous session, weighed by as softer euro.
Silver Market outlook
Silver fell further by 50 to 51300 per kg and delivery decline by 20 to 51300 per kg.
Commodity Hot News 
* The rupee weakened, easing off a two-month high touched in the previous session, weighed by a softer euro, weak local shares as well as Asian currencies.

* Farmers, the traditional buyers, usually divert their savings on farm equipment and pesticides for summer-sown crops from gold and silver in monsoon period.
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