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 Copper Updates and Trading Tips for Today

The downtrend seen in Copper on yesterday has vanished away today due to weakenign dollar. LME copper has reached upto $8000 per tonn. On domestic market also Copper with nearly 1.20% rise, is trading around 409.50. Metals other than copper in base metals is also gained. On MCX, aluminum, nickel, lead and zinc are trading with a rise of more than half per cent.

One can Buy copper above 409.50 for TG- 412.50 Stoploss below 406.