After reaching the record level of 30440, mcx gold is hovering
around 30400 level. However the demand of Gold is decreased so a
sudden downside in Gold can not be ruled out. Traders can sell on
higher level in Gold commodity.
On the other hands MCX silver has declined slightly and trading
around 55200 level. A trade below 55000 may cause negative trend in
Silver commodity. Base metals are trading strongly today. MCX Nickel,
lead and zinc are trading up. MCX Zinc target of today is
101.20-101.50.
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