May 14, 2012

MCX Trend for Today Market

MCX Gold June contract declined around 2.9 percent and touched a low of Rs. 28,281/10 gms in the last week. MCX Silver July contract traded lower by 2.1 percent as further decline was cushioned due to a weaker Rupee and touched an intra-day low of Rs. 53,561/kg in the last week. MCX crude oil prices declined by 1.7 percent and closed at Rs.5,161 / bbl on Friday after touching a low of Rs.5,125 / bbl in the last week.

Gold Silver Tips for Today:

MCX GOLD sell only below 28280 with a stop loss of 28650 and target of 28200 / 28110.

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