MCX Updates : Silver, Gold, Zinc, Copper Trend Today

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Mcx Copper Trend today :- Copper is likely to trade on sidelines during the morning session on Friday, 6 July after obtaining decent gains during the previous session as the gains were already factored in amidst the hopes on central banks of the major economies such as ECB, Bank of England and People's Bank of China will go for some easing measures. Copper is likely to find support at Rs. 426.2 per kg and Rs. 423.6 per kg and resistance at Rs. 431 per kg and Rs. 433 per kg. 

MCX Silver updates :- in silver march contract,SILVER rate touched an intraday high of Rs 56795.00 and an intraday low of Rs 56645.00. So far 12 contracts have been traded. SILVER prices have moved down Rs 150.00, or 0.26% in the March series so far. 

Gold updates :- MCX GOLD December contract was trading at Rs 30315.00 down Rs 31.00, or 0.10%. The GOLD rate touched an intraday high of Rs 30357.00 and an intraday low of Rs 30305.00. So far 9 contracts have been traded. GOLD prices have moved up Rs 1015.00, or 3.46% in the December series so far. 

Mcx Zinc Trend today :- At LME, Zinc ended on a flat note at $1898 per tonne on Thursday. The central banks measures to boost the economy coupled with the constructive economic data led the metal to obtain gains. But, the investors disappointment over the ECB stopped short of signaling additional stimulus on top of rate cuts coupled with the surplus scenario in the global zinc market erased the gains during the day and led the metal to end on a flat note. MCX Zinc is likely to find support at Rs. 103.2 per kg and Rs. 102.6 per kg and resistance at Rs. 104.2 per kg to Rs. 105 per kg on Friday, 6 July. 

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