Tuesday, September 8, 2015

MCX GOLD at Negative Note Today : 8 Sep | MCX NCDEX Tips

Gold opened steady this morning and trading around 26560 on MCX October contract. Overall it is likely to trade with negative bias today, while it is not expected to make high volatility as US market is closed for the day.

Prices have good support at 26320 and resistance at 26700, Melbin Noble, research analyst at Commodity MCX NCDEX Calls, said. In global crude prices have slipped about 4 percent. The all metals except nickel are trading with losses.

Agri commodities are traded with Red Sign Today. 


MCX Gold 0.10 percent to Rs 26 477 per 10 grams, with weakness trades. MCX Silver prices dropped by 0.16 percent to Rs 35138 per kg fell. 

But crude prices rose 0.60 percent and the price per barrel reached at 2966. Base metals prices are 0.10 and 0.40 percent decline.


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