Commodity MCX News and Updates: Gold Silver Trend Today

MCX Gold and Silver are trading Up today. With gain of more than 2.5%, MCX Silver is trading near 53750 and likely to touch 54000 soon while mcx gold is up by nearly 1%.

Meanwhile The Indian government has increased import duty on Gold and Silver metals.

MCX crude is also trading with moderate gains. A consistent trading above 5140 may result in a rise of crude prices till 5170-5200 today.

Copper is trading near its next resistance level of 422.50. Traders can go for Buy in Copper commodity.

MCX Commodity Updates Today: Gold Silver Trend

The buying sentiment is being seen in precious metals. MCX Gold ended with slight gain on weekends and ahead of US holiday, precious metals are witnessing less volatility. MCX Gold Feb contract rose by 0.10% and currently trading above 27530 level. Prices are expected to reach 27650-27700 today.

Silver has gained over 0.40% and trading above 52350. Traders can buy silver around the same level and can wait for the levels of 52500-52700.

Crude oil is now recovering from last few days downfall. It is now trading near 5120 level. A trade with volume above 5159 would bring back the bullish momentum in crude oil prices.

MCX Silver and Gold New and Updates for Today

Gold and Silver commodities are trading lower on MCX. Silver futures has slipped more than 1% in domestic market amid weakening global trend. European Debt crisis has resulted in an increased demand of precious metals which turned the market sentiments into negative.

MCX Gold (Feb) is currently trading below 27500 after touching a day low of 27416 .

Crude Oil Trend and Commodity Updates Today

Strengthening of rupee against dollar has a strong effect on commodity prices. In domestic markets, crude oil, gold, silver are trading with weakness. MCX crude oil at Rs 5138 with a decline of more than 2.5 per cent. While the NYMAX crude is seems to regain its upside trend. We can expect a bounce back in Crude prices after 5100 level but below 5080 level, more downside is expected.

MCX Commodity Updates for Today: Copper Up, Crude Down

Crude oil is still suffering decline mode due to profit booking and fell almost 0.75% to trade at 5279 level and prices can further go down to 5230-5200 level. NYMAX crude has also slipped below $102 level. A lacklustre trading has been seen in precious metals. Prices are likely to remain consolidated today.

Copper has shown good shine and now trading around 405 level. Copper can touch 409 level if it manages to stay above 405.50 level. 

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MCX Commodity Market News and Trend Today

The weaker dollar index led the commodity market to end with mixed sentiments.

Gold traders remained skeptical and this yellow metal closed with slight decline. MCX Silver gained over 1.5%.

In Base metals Copper (Feb Futures) managed to close above Rs. 400. Traders can buy copper mcx above 404.50 and target 409.50 level for today.

Crude oil is also looking bullish today.

MCX Silver and Gold Trend Today and Trading Tips

The day started with a slight fall in Gold while Silver has climbed up sharply. MCX Gold (Feb Futures) is trading near 27500 while silver with a gain of nearly 1.4%, is trading around 52500 level. Comex gold is trading higher so we can expect prices in MCX to raise during evening trades. So traders can buy gold above 27530 for targets of 27600-27700-750. Silver may take a rally towards 53200-53500 above 52750.

MCX Silver Updates and Commodity Market Trend for Today

After the initial fall in silver prices have stabilized.However International Silver is in up-trend but there is pressure on the domestic market After touching a record level of Rs. 75,000 last year Silver has been declined 30-35 per cent.

The silver on MCX is trading around Rs. 51700 with mild weakness. With the decline of 0.35 percent on MCX gold is trading at Rs. 27650. Crude oil has Slipped 0.5 per cent and it is trading around Rs. 5330. Copper has slipped below 400 level and and it is likely to remain under selling pressure for the day.