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.

Commodity Updates: Gold Silver Tips for Today

Gold and Silver Commodity closed in negative note. MCX Gold Feb contract declined nearly 1% and MCX silver did 1.5%. Today precious metals may take short covering move and we can expect some upside in these two metals. Silver if prevails 56000 level and manages to stay above 56350 then prices can touch 56700-850 today. Buy Gold above 28870 TG-29090-29150 while below 28700 go for short selling.