Light but business is sluggish recovery in gold today. MCX gold is trading below Rs 28,000. COMEX while gold is trading below $ 1,300. Declining trend in MCX silver. Silver is trading at 0.3 per cent to Rs 44 730.MCX Gold has open today at Rs 27667. It high upto Rs 27715 and low at Rs 27592. At this time MCX gold trading at Rs 27636 with 0.4% loss. MCX Silver has open today at Rs 44729. Silver high upto Rs 44787 and low at Rs 44511. MCX Silver trading at Rs 44570 with 0.61% loss.
After yesterday's sharp decline in crude oil has gone up. With nearly 1 per cent on the Multi Commodity Exchange, crude oil is trading around Rs 6,050. Even NYMEX crude has gone up to $ 100. Yesterday NYMEX crude slipped below $ 100 is the lowest level of the last 2 months. While Brent crude is near $ 106. The increased supply from Libya nearly 6 million barrels per day is approaching.
Meanwhile, the rain Agri commodities pressure is a condition. Especially yesterday's bullish showing a declining trend in maize and soybean. Mustard futures also under pressure. Wheat declined by nearly 1 per cent.
