MCX Commodity Report For Today : 25th Aug '11

Sharp decline in gold today While this decline is increasing. On MCXgold prices is around Rs. 25000. Due to the rising edge of the margin COMEX on Wednesday it has seen a sharp decline in the gold About 11 per cent of the international market, gold has broken 10% record levels.

Federal Reserve Chairman Ben Bernanke is going to be the third rescue package (Qi 3) can be declared. Market's view is based on the stimulus package.

MCX silver is being traded on the decline. Silver in the domestic market at Rs 59 465.

The slight decline in crude oil. On MCX, crude oil is at Rs 3947.

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Share Tips For Today's Session

Maruti Suzuki India Ltd.
Buy Maruti Suzuki India above 1215,
Target: 1223-1230, Stoploss: 1205.

Mahindra & Mahindra Ltd.

Buy Mahindra & Mahindra above 695,

Target: 701-708, Stoploss: 688. 

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MCX Commodity Market News and Tips For Today

In Bullions MCX Gold and Silver are trading flat for the day. They can move upward in coming trading sessions as our research analyst said. MCX Gold October contract can move down towards 23,350 and silver Sep contract can test 57,000 in near term. In Base Metals, all base metals are trading positive for the day. Crude oil may open on positive note tracking firm opening in international markets. MCX Crude oil may bounce back to 4350 in domestic bourses.

Commodity Tips For Today-

Crude Oil

Crude Oil: Buy above 4295,

Target: 4320- 4335, Stoploss: 4270.

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