Precious metals
Gold prices have rebounded from the yesterday low of US$1,575/ounce and now are trading again above US$1,590/ounce. In physical markets, gold demand is showing signs of stability in Asia.
MCX Gold (April)
Price indication: Prices have support at Rs29,100/10gms and resistance at Rs29,550/10gms.
MCX Silver (May)
Price indication: Prices have support at Rs54,000/kg and resistance at Rs55,500/kg.
Energy
Crude oil futures are trading higher, deriving courage from improving macroeconomic landscape in the world's top oil consuming nation.
MCX Crude (March)
Price indication: Prices have support at Rs4,950/bbl and resistance at Rs5,080/bbl
MCX Natural Gas (March)
Price indication: Prices have support at Rs204/mmbtu and resistance at Rs213/mmbtu.
Base Metals
LME base metals are trading on a mixed note, as newly proposed restrictions on Chinese housing markets continue to take a toll on the sentiment.
MCX Copper (April)
Price indication: Prices have support at Rs422/kg and resistance at Rs430/kg.
Source: IIFL Research
