MCX Metals Gold Silver Tips Trend

At MCX mixed sentiments are seen in base metals business. MCX Copper prices fell by 0.23 percent. MCX Lead and MCX zinc are also trading in a down trend. At MCX market the down side pressure is clearly visible today at international market and mixed at domestic market. MCX Copper is currently trading at Rs 447.65 down 0.23 percent. Although nearly 0.5 per cent on MCX Aluminum and nickel rose 0.25 per cent. Rupee against the dollar has weakened. Although the domestic market is still down with gold and silver are traded. Currently, with a decline of 0.15 percent on MCX gold is trading at Rs 30890. The silver is trading at 0.25 per cent to Rs 58530 apart. MCX crude oil is trading at Rs 5130, with a slight decline.

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MCX Comdex – Weekly Analysis

MCX Comdex was down by 0.22% to 3,945.44, MCX Energy was down by 0.48% to 3,510.96 and MCX Metal was down by 1.34% to 4,947.20.

All bullion contracts showed down trend. Gold April 12contract was up by 0.17% to Rs 27,972 per 10 grams, goldM April 12 contract was up by 0.18% to Rs 27,995 per 10 grams, goldguinea March 12 contract was up by 0.06% to Rs 22,336 per 8 grams GoldPetal May 12 contract was down by 0.14% to Rs 2,845 per grm and Gold PetalDel May 12 contract was up by 2.45% to Rs 2,930 per grm. Silver March 12 contractwas down by 2.56% to Rs 58,775 per kg, SilverM April 12contract was down by 2.53% to Rs 58,788 per kg and silverMIC April 12 contract was down by 2.54% to Rs 58,787 per kg.

All metals contracts showed down trend. Copper April 12contract was down by 1.92% to Rs 422.55 per kg, copperm April 12 contract was down by 1.92% to Rs 422.50 per kg, alumini March 12 contract was down 4.10% to Rs 110 per kg,aluminium March 12 contract was down by 4.06% to Rs 110 per kg, lead mini March 12 contract was down by 0.56% to Rs 106.25 per kg, lead May 12 contract was down by 0.73% to Rs 108.50 per kg, zinc May 12 contract was down by 2.07% to Rs 103.90 per kg, zinc mini May 12 contract was down by 1.32% to Rs 104.50 per kg, nickelm March 12 contract was down by 2.95% to Rs 949.60 per kg and nickel March 12contract was down by 2.95% to Rs 949.50 per kg.

All energy contracts showed up trend. BRcrudeoil April 12contract was up by 3.66% to Rs 6,316 a barrel, crude oilMay12 contract was up by 0.63% to Rs 5,464 a barrel whilenatural gas April 12 contract was down by 7.44% to Rs 120.60 per MMBTU.

All agri contracts showed mixed trend. CPO May 12 contractwas up by 3.67% to Rs 576.30 per 10 kgs, potato May 12contract was up by 12.46% to Rs 1,085.80 per 100 kgs, potatoTRWR May 12 contract was up by 7.52% to Rs 868.80 per 100 kgs, menthaoil March 12 contract was up by 21.57% to Rs 2,467.10 per kg while cotton March 12 contract was down by 3.05% to Rs 16,830 a bales, sugar March 12contract was down by 0.81% to Rs 2,828 per 100 kgs, cardamom May 12 contract was down by 2.32% to Rs 1,058.30 per kg and kapas March 12 contract was down by 1.65% to Rs 827 per 20 kgs.

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