MCX Gold, Silver & Sugar Tips for Today (31st May)

commodity tips todaySilver marked its highest level since April 27 at $17.47 an ounce. It was last down 0.12 percent at $17.35. Silver trading range for the day is 39681-40771. Silver dropped as hawkish comments concerning U.S. interest rates from a top Fed official weighed on prices.

Sugar Futures close flat in the futures market due to good supplies and steady demand from the physical market. The government has increase fair and remunerative price (FRP) of sugarcane by Rs 25 per quintal to Rs 255 for 2017-18 season beginning October.

Soybean futures are expected to trade sideways but the prices may rebound due to on low level buying while mustard futures may also trade lower on higher supplies and steady crushing demand from the oil mills.BUY Copper at CMP 367.65 for Target 370 – 371.20 with SL below price 365

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