Mcx Gold Trend Tips

MCX Gold is close to Rs 29 300 with nearly 0.5 decline. COMEX Gold also decline and Gold price is at $ 1574. MCX Silver seems low business. Silver price remains at Rs 52 600. A COMEX Silver business with strong light and price is under $ 27.

Today Spot MCX gold prices were trading mixed in the major problem in India. In the Delhi stock market, Standard mcx gold (995 purity) was down Rs 175 at Rs 29825 and pure gold (999 purity) was down Rs 175 at Rs 30026. 

Commodity Market Outlook :11-07-2012

• Gold eases as market jitters, higher dollar weigh
• Silver fell 1 percent to $27.08 an ounce
• Copper dips after weak China imports
• China copper imports drop 17.5 pct mth/mth in June
• Oil falls on Norway strike end

McxTips for 11 July 12

SPOT GOLD

Spot gold gained 0.4 percent to $1,574.50 an ounce by 10.49 p.m. EDT On Tuesday, after losing 1.4 percent on Tuesday.

U.S.GOLD

The U.S. gold futures contract for August delivery edged down 0.3 percent to $1,574.80.

COPPER

Copper edged up on short-covering on Wednesday as investors closed positions and stuck to short-term trading strategies ahead of this week’s China GDP data, which may shed more light on the health of the world’s second largest economy.

GOLD

Gold August Futures Sell - 29 450, Stoploss - 29 545, Target - 29 250.

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