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MCX Bullion(Gold Silver) Trend today :- Spot Gold prices traded on a firm note due to expectation that central bankers of the world might take further stimulus measures to boost the economy. However, strength in the DX capped sharp gains in the gold prices. The yellow metal touched an intra-day high of $1618.11/oz and closed at $1617.09/oz.
MCX Base Metal Trend :- The base metals pack traded on a mixed note yesterday on the back of rise in risk aversion in the global markets coupled with strength in the DX. However, sharp downside in prices was cushioned on account of decline in LME inventories expect Nickel. In the Indian markets appreciation in the Rupee added further downside pressure in the prices.
MCX tips For today :- Buy nickel Aug at 860 Target 875++.
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