At the MCX, gold for February 2014 delivery increased by Rs 228, or 0.79 percent at 29,000 rupees/10 grams, with a turnover of of 11 lots.
In a similar manner on metal for delivery in Gold December rose by 226 contracts rupees or 0.69 percent at 29,290 rupees/10 grams, with a trade volume of 638 lots. Market observers told that the increase in gold futures was particularly in line with a firm trend into foreign markets as a partial government shutdown took seventh day, spurring speculation that the political deadlock may encourage the Fed to prolong incentive.
MCX Trading Tips for Today. By MCX Commodity Advisory (100McxTips.com)
MCX Gold Trading Tips (December futures): Buy - 29300, with a stop-loss - 29 190 and Goals - 29 430
MCX Copper Trading Tips (Nov futures): Sell - 458, with a stop-loss - 464 and Goals - 448
MCX Crude oil Trading Tips (OCT futures): Sell - 6420, with a stop-loss - 6455 and target - 6350
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