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MCX Gold Silver Trend and updates :- Spot gold prices gained 1.1 percent tracking firm global market sentiments along with weakness in the US Dollar Index (DX). Further expectation of positive progress by the European leaders to solve the Euro debt crisi s also supported an upside in the prices. The yellow metal touched an intraday high of $1641.2 /oz and settled at $1,637.89/oz in yesterday's session.
MCX Base Metal Trend :- The base metals pack traded on a positive note on the back of rise in risk appet ite in the global markets coupled with weakness in the DX. Additionally, decline in LME inventories apart from Copper also acted as a positive factor for the prices. In the India n markets appreciation in the Rupee capped sharp gains in the prices.
MCX Tips For Today :- MCX Gold buy at 30400, Stop loss 30320, Target 30500.
Mcx lead buy at 106.10, Stop loss 105.60, Target 106.60.
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