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Wednesday, November 9, 2011

MCX Gold Trading Live News and Strategy For Today

Gold futures in India, the world's top consumer, extended the previous session's gains on Wednesday evening to hit a record high of 29,095 ($579.6) rupees on the wings of a firm world market and boosted by a weak rupee at home.
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MCX Commodity Live News Analysis Report and Call For Today

In the spot market price of gold has reached record heights. Kolkata has surpassed the level of Rs 29,000 in gold. While in Mumbai, gold is trading very close to Rs 29,000. However, in today's gold and silver futures is to get pressure With 0.2 per cent on MCX gold has come close to Rs 28 700. Silver on MCX 0.5 per cent over the weakness of the business is around Rs 57700.

Projected demand for crude oil has risen sharply. on MCX crude oil is trading at 4770 to 0.5 per cent  . Copper on MCX in the initial rapid decline. With 0.2 per cent on MCX Copper is trading at Rs 386.50.
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Silver Technical Analysis 9 Nov 2011

India silver edges higher on firm physical demandIndia.
silver edges higher on Geek debt worries.
silver tumbles on Japanese intervention.
MCX Silver technical target Rs 61950 as rate hike slows down growth.
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MCX Commodity Daily Newsletter and Gold Silver Live News analysis For Today

GOLD STEADY NEAR SIX WEEK HIGHS DUE TO ITALY FEARS.
OIL TRADES NEAR A THREE-MONTH HIGH ON U.S. SUPPLY, EUROPEAN CRISIS OUTLOOK.
COPPER STEADIES AHEAD OF CRUCIAL VOTE IN ITALY.
DOMESTIC OIL AND OILSEED TRADE LOW.

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