Gold: On the MCX, gold prices declined marginally by 0.23 percent to close at $29651 per 10 gms.
Silver: On the MCX, silver prices rose marginally by 0.13 percent to close at Rs.42051 per 10 gms.
Investment Advisory Company presents Free Commodity Tips with accuracy and proper follow up with support.
On an intraday basis, we expect gold prices to trade lower as the possibility of rate hike in the December meeting of the US Federal Reserve looks very likely. Besides, spate of economic data also indicates growth and optimism on the economy.
On the MCX, gold prices are expected to trade lower today.
Energy Crude Oil Outlook
On an intraday basis, we expect oil prices to trade higher as it trades closer to the psychological barrier of $50 mark. On the other side, OPEC said that their production of around 33.39 million barrels in September is the highest in the last eight years which will be a close watch by investors across the globe.
On the MCX, oil prices are expected to trade lower today on account of profit booking, as international markets are trading lower by around 0.7 percent at $49.81 per barrel.
Investment Advisory Company CALL:- BUY ONGC 265 CALL