Indian Commodity Market : What to do in MCX Gold Silver?

Today in the domestic market mcxgold has little shine, but in the international market it has some pressures. Meanwhile, spot gold is selling at a discount of about 4 per cent. Weak monsoon in this year, is the cause of weak demand of it in india. While today's seems pressure in the gold in international market before US non-farm payroll data coming. MCX Gold rate today rose nearly 0.5 per cent in the Indian market and has reached at Rs 26,500. Also MCX silver rate for today reached at Rs 35,600 with gain of 0.5 per cent.

After yesterday's sharpness crude oil declined again. Crude has slipped nearly 1 percent in the international market. On NYMEX WTI crude dropped to $ 46.3 a barrel, while Brent crude seems to $ 50.3. The slight decline of 0.1 percent in the domestic market, MCX crude oil live prices is trading around Rs 3,080. But MCX natural gas has fallen to by 0.5 per cent to Rs 180.2.

After yesterday's sharpness today is seeing a decline in mcx base metals. All metals except aluminium fallen, but the nickel is flat. MCX Copper is trading at Rs 351.2, down by 0.4 percent. With 0.5 percent fall Zinc has come down to Rs 120. Lead and nickel declined 0.1 percent, while aluminium rose 0.1 percent.

MCX Commodity Tips in India:

• MCX Gold Tips (October futures): BUY - 26410, stoploss - 26310 and target - 26610
• MCX Silver Tips (December futures): Buy - 35420, stoploss - 34920 and target - 36220
• MCX Crude Oil Tips (September futures): BUY - 3030, stoploss - 2985 and target - 3140
• MCX Natural Gas Tips (September futures): BUY - 181.5, stoploss - 179 and target - 186.3
• MCX Copper Tips (November futures): BUY - 350, stoploss - 345 and target - 356
• MCX Aluminium Tips (September futures): BUY – 107.5, stoploss - 105.8 and target -108.5