The movement in mcx gold remains strong as gold purchases in the domestic market is supported. However Comex gold price remains close to 1-month low but the euro has returned some strength in gold purchases. At the domestic market December gold futures on MCX 0.25 per cent and 0.1 per cent in February, has come forward. MCX silver futures on MCX at 0.35 per cent and 0.5 per cent in March futures gained. MCX crude oil is trading 0.1 percent higher at Rs 4865. For base metals zinc, copper and lead has accelerated with 0.25 percent gain in MCX Copper and trading at Rs 446.80 levels. The mcx gold trend and mcx silver trend gained its pace at the domestic market and is recommended that one can go for a buy as for intraday while for long term decline is expected in gold.
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