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.
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.
