MCX Gold is trading on lower levels. With a slowdown in gold on MCX is trading around Rs 28820, while the silver is leading of half per cent is trading around Rs 61100.
Technically Gold and silver Both metals are looking positive.
The initial decline in crude oil is still intact. Crude oil in the domestic market with around 1 per cent is trading near Rs 5277. Traders can take it as an opportunity to buy on dips. Accumulating crude around 5220-5200 would give a chance for Intraday traders to snatch some gain from the market.
