Copper derailed in the session ending Thursday. There has been limited respite from the selling pressure in Copper. The prices have been down more than 1% in single session of trades.
Copper ended at Rs 358.5 per kg. The prices tested a high of Rs 364.4 per kg and a low of Rs 355.8 per kg. The resistance for Copper is at Rs 368 while supports are active at Rs 352 per kg.
The prices of MCX Gold were down 1.5 percent to end at Rs 28,055 per 10 grams. The refined Gold tested levels of Rs 28,371 per 10 grams during the day.
On the other hand, Rs 28,020 was noted as the lows in the session. Gold is expected to decline further towards Rs 27,500 if it breaches Rs 28,000 per 10 grams. On the other hand, resistances of Rs 28,550 per 10 grams are expected in Gold prices.
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