MCX gold and silver remains in the idling position. With a marginal decline on MCX gold is trading around Rs 28100. A trade Below the support level of 28050 may invite further decline in Gold prices.
At the MCX, silver has also declined to Rs 56450 and traders are advised to sell silver bleow 56350 for the target of 56000-55750-55500.
Coming to the energy commonalities, Crude oil is trading at Rs 5,400 with slight positiveness on the board. Base metals are red in the domestic market. Copper prices are likley to decline further below 425.50.
