MCX Gold Silver Tips Today 08'April'13

U.S. Crude oil has seen pressure due to poor jobs data although gold has gained well. NYMEX Crude oil marginally rose to 0.1% is trading at 92.8 dollars a barrel. ICE Brent crude is trading around 104.5 dollars a barrel. COMEX Gold is trading at 1577.5 dollars per ounce with gained 0.1%. Although COMEX Silver with slight weakness of 0.1% is trading below $ 27.2 per ounce London Metal Exchange (LME) Copper gained 0.5%t.

MCX Gold Silver Tips Today 08 April 2013

MCX Gold June Futures Buy - 29 700, stoploss - 29620 and the target – 29900.

MCX silver May Futures Buy - 51500, stoploss - 51400 and the target – 51900.

MCX Tips Trend Commodity Market

MCX gold is now recovered its losses and now trading in a uptrend at Rs 30800 levels with a gain of 0.20 percent, while silver is trading at Rs 58993 levels. The mcx silver is currently bullish with gain of near about 0.43 percent. On MCX Crude oil has risen to 0.20% and currently trading at Rs 5,113 levels. At commodity MCX market base metals are trading in a declined trend. MCX Aluminum is declined by 0.32 percent, mcx copper is showing loss of 0.07% and lead and zinc is also trading in a declined phase. Although nickel is looking a little edgy. MCX Copper February futures is advised to Sell near 444 levels with a stop loss of 449 and the target of 438 levels.

MCX Intraday Trend Tips Target

Base metals is up with mixed notion as nickel and zinc is trading flat and copper is down but aluminum and lead are well recovered. Aluminum is by up 0.36 percent is trading at Rs 112.95. MCX Copper is trading at Rs 448.65 and is 0.06% down. MCX Zinc is down 0.05 percent, while nickel is trading 0.1 percent higher at Rs 958.20. However, with a decline of 0.20 percent on MCX gold is trading at Rs 30,913 gold is again sluggish. The silver slipped 0.39 percent to Rs 58,240 levels. MCX crude oil slipped 0.27 percent to Rs 5,106 has come close. Today, the mcx India market is trading on a mixed note with a decline in gold, silver and crude.

 .......Get Free Tips more on Gold, Silver and Crude.......

             Fill THE FREE TRIAL FORM NOW

MCX Gold Silver Crude Tips Trend

The international market market is down and due to this market is trading in a decline at domestic front too. At MCX gold silver and crude are trading in a down trend. The last trading day of the week sell-off in global commodity markets have been overwhelmed. The stimulus package in the U.S. continue to differ on the time frame in which investors were upset because the sell-off in gold has prevailed. Copper on the London Metal Exchange has declined by 0.5 per cent. Silver is expected to gain in a MCX Silver March Futures is recommended to buy near 58650 with a stop loss at 58350 and the target at 59500 levels.

Also Get Free Gold Silver Tips for today. FILL THE FREE TRIAL FORM

Gold in Demand

Gold traders in India, the world's biggest consumer, drifted back to the market on Friday as prices eased from their highest level in more than two months. Buying activity was so strong that even a fall in the precious metals in overseas markets, which normally sets the price trend on the domestic front, failed to influence the market sentiment. The most-traded gold for April delivery on the Multi Commodity Exchange (MCX) was trading 0.37 percent lower at Rs 28,252 per 10 grams, falling from the previous day's two-month high of Rs 28,511. Demand is better than last two days as prices have cooled off a bit. The dealer expects the momentum to continue in coming sessions, but added "a lot will depend on prices." A weaker rupee could limit the downside in prices. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal. Silver also fell tracking the yellow metal. Silver for March delivery on the MCX was trading 0.41 percent lower at 56,941 rupees per kg.

Sell MCX Gold April contract at Rs 28,350-28,400 with stop loss Rs 28,500 and target Rs 28,200 and Rs 28,050.

For more MCX Commodity Tips, MCX Gold Tips, MCX Tips, Commodity Market Tips FILL 2 DAYS FREE TRIAL FORM>>