Free Commodity Tips With Commodity Trend

Free Commodity Tips

By Copper At- 427.05
Tgt - 428.15,429.85
Sl - 424.50

MCX Trend
Spot gold prices gained more than 0.5 percent on Monday, closing at $1384.09/oz at the end of the session. The yellow metal prices gained mainly on the back of uncertainty in the Korean peninsula and ongoing concerns of a debt-crisis in the Euro zone.

In the futures market, the February gold contract on the MCX platform gained around 0.6 percent and closed at `20602/10 gm after touching an intra-day high of `20640/10 gm. Gold prices in the Indian markets have gained more than 20 percent on a year-to-date basis on the back of rising investment demand. According to World Gold Council (WGC), demand in India, which still remains the largest consumer of gold in the world, stood at 21 percent of the total global demand this year.

Silver futures gained more than 0.5 percent on the Comex on Monday (December contract), closing at $29.21/oz. The white metal prices have gained a stunning 60 percent y-o-y, following rise in industrial activities. Apart from an investment demand, silver is also widely used in industrial activities.

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