MCX Gold Silver Trend Today

Bullion Metals have seen a sharp decline in this week. MCX Gold, with the decline More than Rs. 1500, has come down to 28500 level. Currently On MCX, Gold June Contract is trading at 28478 level. Though Domestic Gold is trading above as compared to the international market where Gold prices have dipped to four months low. MCX Silver (July) has suffered more than1.30% decline and it is trading below 53400 level. A decline in dollar index may extend this bearishness in precious metals.

Commodity Trading Tips: Gold Silver Updates

A sharp decline has been seen in commodity markets. Crude oil, gold, silver and base metals have fallen  significantly. Projected demand decreases the price of crude oil in the international market and it has  declined to lower levels of 4 months. Crude oil price is projected to fall to $90/ barrel . Crude oil slipped 1.5 per cent to trade near Rs 5190 on MCX.

MCX Silver and Gold prices have  also suffered the decline phase. Silver is trading near its support zone of 56000-56900 which if breaches, we can expect further  downfall in MCX Silver.

Traders can sell Silver for Intraday trading.

MCX Crude Updates, Silver Trading Tips and Gold Trend Today

MCX Crude oil 0.25 per cent at Rs 5600 with strength is trading above the barrel. While 0.3 per cent decline in international crude oil and the price is below 106 dollars a barrel. In domestic markets, gold - silver looks up.. However, COMEX Gold - Silver are trading in weaker side. All base metals aretrading with strength in Multi commodity exchange of India. Nickel rose more than 1 per cent. Copper is trending high. Trading Tips- Buy Silver above 55470 TG- 55600-55750-55900 SL- 55380 Buy Crude above 5620 TG-555-5560 SL- 5490

Silver Tips Today: MCX Market Updates

Though Commodity Market is likely to face a range bound session today still we can expect some momentum in Gold and Silver prices. From Short term perspective, MCX Silver can be a good trade today. Accumulating silver (May) futures at current level is looking viable for short term trade. We can expect silver prices to reach up to 55500-559000-56200 level very soon. 55150 is the nearest support for this precious commodity. So keep a stop loss price accordingly.

Commodity Market Today: Gold Silver Trend and MCX Copper Tips

Despite of initial decline in international market, MCX gold and Silver commodities are likely to perform good today.

Comex Gold is declined slightly and trading near $1642 and with slight up edge, silver is trading above $30.

Copper could be a better bet for today's trade. Though on the London Metal Exchange, Copper is trading with a slight decline but MCX Copper in the domestic market may see further upside above 427.50 and reach upto 430-432.50 provoking day traders to go for a buy in this metal.

Money advice for investors -

Gold (June futures) MCX: Buy (On Dips) Rs -28800-820, TG- 28950-29050 SL-28720

Copper (April futures) MCX: Buy Rs -427.50 TG- 430-432.50 SL- 424.50

MCX Silver Trend and Trading Tips Today

Silver, as we mentioned in our earlier post, saw a sharp decline below 56500 level and it is now trading near 56500 level. Silver prices on MCX have seen a downfall of more than 3.5%.

Inability to prevail 55500 level on downside would cause Silver to slip further down to 55000-54500. Major resistance is seen near 56250.

Trdaers are advised to be cautious and go for buy in silver only after a lower level is sustained.  

MCX Gold and Silver Tips for Today

A sharp decline has been seen in silver and Gold prices. With a drop of nearly 1% t, MCX Gold futures is trading near 27700 and prices are expected to extend this decline below 27700 level. Technically a trade above 27800 would negate the bearish view. Sell Gold below 27690 TG-27600-560

On the other hand MCX Silver prices are facing sharp decline. 56500 being the nearest support, silver prices may see further downside below this level. Major downside is expected below 56000.

MCX Commodity Updates For Today: Gold Silver Trading Tips

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.