Commodity Market Updates

Gold advanced along with equities and other commodities on speculation that policy makers from the U.S. to China will take steps to boost their economies after data signaled slowing growth and on signs of robust Chinese demand.
August-delivery bullion gained as much as 0.7 percent to $1,624.80 an ounce. MCX Gold August is currently at `29989, it is trading up by `71 points for the day. Comex Silver is currently trading at $28.36 whereas MCX Silver July is currently trading at `54146, it is up by `307.


Copper advanced for the first time in five days, rallying from the lowest level in more than five months,
MCX copper  is currently trading near 410-411 level.


Brent crude prices rebounded for a second straight session, rising above $99 per barrel on support from a weaker dollar and hopes that the world's leading economies will take new action to tackle the euro zone's debt crisis. Brent crude for July delivery rose 37 cents to $99.22 a barrel. WTI Crude Oil is
currently trading at $84.69 per barrel. MCX Crude Oil May is currently trading at `4717, it is trading up by `56 for the day.

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MCX Tips- Gold SIlver Call For today Evening

Buy Gold April Around 20800-850 TG-20900-21000 SL-20680

Buy Silver May Around 53000-53050 TG-53150-250-350 SL-52850


Free Nifty Levels and Market Forecast for Monday- CLICK HERE 

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Bullions Tips- Technical View

Gold Prices look reluctant to edge higher. The day’s moves so far is increasingly pointing towards a fall towards 19400-19300 or even 19000. It would require a direct rise above 19625 to alter the intraday view to positive, while a close above the same or an intraday penetration of 19850 region would be required to signal powerful rallies in the coming days.

Break of 35800-900 is required for continuation of yesterday's uptrend. The day’s trades have attracted bargain hunting but have been feeble. Need to flat above 35500 to suggest that the uptrend may continue. However, sharp falls are unlikely until 35170 gives away. There is a fair chance of a break of the 35900 barrier, but inability to do so should be taken as an earlier signal that the next leg of bear move targeting 32400 could unfold soon, provided 34600 also gives away.

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