MCX live india tips for gold is trading at about half per cent, the price has come down to Rs 28,000. Comaks is on the decline in gold. Silver also declined, down 0.22 per cent on MCX live tips for silver around 56 540 is trading at Rs.
MCX silver continues to trade in a narrow band of 55500 to 53890 since couple of weeks now which is very much reflected by the Bollinger bands which have narrowed a lot. At present silver is trading near the downtrend line resistance failing to surpass it can get it back to the lower end of the channel i.e. 50500 levels, hence one needs to be quite cautious on long side from hereon.....
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Increased sales of new homes in the U.S. on the London Metal Exchange copper prices got some support. But the domestic market is the rupee has been under pressure from the metal. MCX base metals declined getting around 0.5-1 per cent. With a decline of 0.4 per cent on MCX Copper is trading at Rs 42.50. Aluminum 0.75 per cent, 0.9 per cent nickel, lead and zinc 0.4 per cent to 0.3 per cent has weakened....
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