After Thursday's recovery in the
international market, Gold has come again under pressure. Currently
COMEX gold is trading below $ 1,390 and Silver also under pressure
and is trading around $ 22.5. While NYMEX Crude Oil slipped 0.25% is
trading below $ 95.
In terms of domestic markets MCX Gold
dropped 0.5% is trading at Rs 26 040. Silver is around 1 % down to
Rs 42 900. However Crude oil rose marginally to 0.1% is trading
at Rs 5210.
While Natural Gas has risen 0.2% higher
to around Rs 216. Base Metals has gained 0.1-0.3 %. Copper is
trading over 0.2% higher at Rs 401. Aluminum 0.1%, nickel 0.3%, and
Zinc, lead gained 0.25% to 0.1%.
MCX Tips – Gold Silver
Gold June futures Sell - 26200,
stoploss – 26300, Target – 26000.
Silver July Futures Buy - 43 350,
stoploss - 43 550, Target – 42800.
