Gold Trend
Today Gold all most decline by .225 in Indian Commodity MCX. MCX Gold December contract dropped by 1.1 percent and touched an intra-day low of Rs.28,453/10 gms on Thursday. Precious metal down because of low investment demand & this trend in remain for the next trading session.
Silver Trend
Silver MCX declined marginally by 80%, in MCX silver dropped & made a low of 55688. Silver is in bearish phase, investment demand is more in gold as compare to silver. We expect trading will be in side wise in evening session.
Base Metal
All base metals down today, poor investment demand & market data directly performed efect on base metal. Aluminium decline all most 1% in todays trading session, It touched an intra-day high of $2150/tonne and ended at $2149/tonne yesterday. On the MCX, aluminium hit an intraday high of Rs.108/kg and closed at Rs.107.8/kg on Thursday. Copper the leading base metal also in red color, no correction seems for copper in today's session.
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