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The decline in the international market had a negative effect on the bullion metals in the domestic market. The precious metal were in a state of weakness in case of  the gold and silver. In COMEX gold and silver than declined from 1.5 per cent and 0.4 per cent respectively. NYMEX, the crude oil slipped 0.5 per cent. Copper on the London Metal Exchange has weakened 0.6 percent.

The slight fall on MCX gold is trading at Rs 31,150. The silver is down 0.6 per cent to Rs 61,440 apart. With marginal gains of 0.1 per cent on MCX Crude oil is trading at Rs 4,680. 0.5-1 per cent decline in base metals on MCX is seen.

Meanwhile on NCDEX chilli declined by 1.5 per cent. 0.5 per cent in the cumin and turmeric has weakened. However, mustard and sugar on NCDEX has gained 1.5 percent.

Commodities Investment Advice

MCX Copper (Nov Futures): Buy - 435, stoploss - 438 and the target - 429

MCX Silver (December futures): Sell - 62 350, stoploss - 62 696 and the target - 61500

NCDEX Chilli (November futures): Sell - 5175, stoploss - 5200 and target - 5110

NCDEX Cotton (April futures): Buy - 919, stoploss - 909 and the target - 945


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