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MCX Gold Updates :- Today MCX commodity market open at negative note.Gold recovered in the Asia electronic session on Monday, though the equities traded sagged ahead of a key European summit later in the week. This week gold may trade in the range of $1550 - $ 1625 levels.Domestic gold futures on MCX also tumbled below Rs. 30000 mark and closed at Rs.29974 on Friday. The counter may face a resistance near Rs. 30100 and support nearRs. 29700.
MCX Copper Trend Today :- Copper is likely to trade in a narrow range during the morning session on Monday, 25th June as the ratification of 130 billion euros ($156 billion) package to revive the growth of the euro zone by European leaders might help some investors to cover their positions. But, the lack of clarity on Greece's euro zone bailout terms might curbs huge gains in the metal. Copper is likely to find support at Rs. 414.2 per kg and Rs. 412.2 per kg and resistance at Rs. 420 per kg and Rs. 423 per kg.
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