August 05, 2011

Gold Tips for 05 Aug | MCX India News Daily 05 Aug

The market at MCX is now in a bullish trend in the market. MCX Gold is showing a gain of 5.89% and became a safe haven market for investors. At MCX market the MCX price ratio for gold and silver market is showing a sharp jump at the market and this has made silver mcx to outperform gold mcx. The MCX bullion ratio for gold and silver is expected to move in a range of 0.38 - 0.46.
The Gold prices at MCX is expected to trade in range of 22500 to 24500 range. After the gold if we see the MCX crude oil movement it is in a sharp decline trend from two months at both MCX and NYMEX. The crude oil is expected to trade in a price range of 4000 to 4550 Rs. The base metals Copper price trade range is in the range of 390 to 460 Rs. 
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