Gold all day in consolidate phase and at now point its shwoing some selling level but not clear figure seems in precious metal. The yellow metal touched an intra-day high of $1734/oz and was trading at $1732/oz till 4.30 pm IST today. On the MCX, Gold April contract rose around 0.2 percent as further gains were capped due to a stronger Rupee.
Copper agian bounced back & on high trade. Copper is on buying phase & seems good for next some trading hours. Copper prices came under pressure today mainly taking cues from sharp rise in the metal Shanghai inventories. Weekly copper inventories in warehouses monitored by the Shanghai Futures Exchange increased sharply by almost 10 percent to 217,142 tonnes this week. However, weakness in the US dollar cushioned sharp decline in prices.
Get all MCX Commodity Tips, Live MCX Tips, Gold Silver Updates on your Mobile phone. Just Fill the Form
