This week of domestic market fall by a sharp point. On MCX gold and silver performing very bad, MCX gold prices are started this week from 29700 but on Saturday at 12:58 pm it’s watched at 27892. This was a big depreciation on gold prices near 6 month low on global market similar situation had seen in US gold prices are following to USD 1547.50 and expecting to some correction in upcoming weeks, whereas on China and Russia gold also had fall by more than 3% in this week. In upcoming week gold is expecting to trade in the range of 26590 to 29845 and more on domestic market.
MCX silver prices again holding the hand of negative flag and falling down on Domestic market. This Week MCX silver for May delivery falls by more than -3000 point in red side. On Monday silver open above 51300 and on Saturday at 1:00 pm it’s watched at 48858.domestic market Silver prices are expecting to Bounce back again with a good volume. On upcoming week silver again crosses the level of 50000.Base metals are surviving on both directions with a low movement. Copper, nickel and lead are performing well on MCX report. This week MCX copper are closing on down side by a few point but positive data is coming from LME and this will surely give some positive trend and support to Asian market copper. While nickel and lead are forcing the investor to hold their position for future trade and that’s the reason behind low reverse trend in this metals. Nickel and lead demands are changed in overseas market and in china’s required most.
Cotton and crude are dumb in MCX market, in previous month a time come when domestic crude crosses the level of 5300 but again its prices are comes to 4900. In this week MCX crude perform average with most red side. On Monday crude up in US market by 60 cent, but on domestic market crude oil are fall by more than -100 point on Saturday. Whereas cotton prices perform worst in this week and comes to 18650. In upcoming week some positive data is expected near 18900 .
