Gold MCX Trend
MCX Gold increased by 1.7 percent and hit a high of Rs.28,444/10 gms yesterday. Today Gold is in rang bound gold will trade under the levels of 28510-28610. No major support for gold in today's evening trading session. we expect gold will cross 28700 in 7-8 days, if it breaks 28620 level.
Silver MCX Trend
Silver is in risky phase here we suggest you to go for fresh buying, keep your old holding. On the MCX, Silver December contract rose almost 1.5 percent and touched an intra-day high of Rs.57,444/kg on Monday. Silver may dip from this level and no correction seems in it for near future.
Crude oil Updates
Crude trading in good phase, from this level we expect that it will touch 4765+ level easily, Oil prices closed at $95.5/bbl which is at a three-month high after touching an intra-day high of $96.11/bbl. On the MCX, crude oil prices increased almost 1 percent and closed at Rs.4665/bbl after touching an intra-day high of Rs.4685/bbl on Monday.
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