MCX- Gold At its Record High |Mcx Tips and Trend

MCx gold silver tips today,free commodity tips,mcx ncdex tips today,ncdex agri trend,live mcx

Gold is poised to hit a new record in India amid concerns of fresh stimulus packages by major world economies driving up bullion demand as a safe bet against inflation.chances are more that the yellow metal would go up further and cross the psychological barrier of $1,700 an oz in the near future, which means around Rs 32,000 per 10 gm in India.today’s session we expect precious metals (gold and silver )to trade sideways with bearish tone on the back of weak global market sentiments along with strength in the DX. However, in the domestic markets depreciation in the Indian rupee might cushion sharp fall in the prices. MCX Gold Oct’12 Support - 30990/30880 Resistance – 31150/31220 

MCX Silver Sep’ Support - 57800/57400 Resistance - 58300/58600 

MCX Crude oil Trend :- crude oil price is expecting to trade with a range bound note in today’s trade on the back of weak global market sentiments, strength in the DX along with expectations that Tropical Storm Isaac will not have significant impact on the disruption of crude oil supplies. While on the other hand, temporary shutdown in world’s second biggest refinery coupled with forecast of decline in US crude oil inventories will support upside in the prices. 

MCX Crude Aug’12 support - 5270/5240 Resistance – 5360/5410. 

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