Bullion Outlook: Gold Updates, Silver Trend, MCX Live Rates, Copper Intraday Tips, MCX Commodities Trading Strategy For Today 22 August: Gold price hits new record. Gold futures on the Multi Commodity Exchange had closed higher at Rs 30,318 per 10 grams on Tuesday against the previous close of Rs 30,184.Gold prices near 3-1/2 month high on ECB hopes. Phoenix Gold hits magic million gold ounce resource at Castle Hill project. Platinum And Silver Have Breakouts, Gold Fails To Follow. Gold at record price: Rs 22,720 for a sovereign
- MCX Gold Aug S1-30130 S2-30076 R1-30229.00 R2-30274 Trend-Neutral
- MCX Silver Sep S1-53753.67 S2-53194.33 R1-54638.67 R2-54964.33 Trend-Buy
Refined Copper Market In Production Deficit of 21000 Tonnes. Peru copper, zinc, output rises in June as gold, iron ore, tin drops. Copper prices had fallen back from its last week's levels, as prices is currently trading at 416 . It is expected that overall volume will remain low as there will be meetings between European leaders. Here copper will trade within range and react to the wider global markets as trading participants will sit on the sidelines.
- MCX Copper Aug S1-412.67 S2-410.63 R1-418.17 R2-421.63 Trend-Sell
- MCX Nickel July S1-862.50 S2-858.50 R1-870 R2-873.50 Trend-Neutral
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