Gold Update: @ 06:00 PM
Prices have breached the resistance at $1598 levels and hovering above the same signals upside potential towards $1610. Key support level to watch for intraday is at $1589, which is likely to hold positive view. At MCX prices are likely to remain higher for intraday. Expected trading range would be 29690-29870 with upside bias.
We suggest buying on dips. CMP 29760. CMP $1600
Copper Aug MCX : @ 07:00 PM
Sustained trades below 423 would lead the prices to remain lower for intraday and expected trading range would be 419-423. Only a break above 423 it may test 425 levels. CMP 421.20