Wednesday, November 7, 2012

Commodity News Today: Positive Trend in Gold and Silver

Barack Obama's second return to the U.S. in the global market as well as gold and silver are bouncing. Strengthening of the rupee against the dollar in the domestic market has returned. Rupee has strengthened about 0.5 percent. This is why gold and silver prices in the domestic market was little pressure to make sure.

Currently, about 0.5 per cent on MCX gold is trading at Rs 31 380 with a gain. About 0.5 percent higher, while silver is trading at Rs 60 140. After Tuesday's buoyant crude oil in the international market has come under pressure again. But the domestic market remains mild gains in crude oil. Today, the U.S. Energy Department will release inventory data. The American Petroleum Institute on Tuesday released a report which showed crude oil stocks declined. Crude oil slipped 0.5 per cent to close at this NYMEX trading at 88.40 dollars a barrel is. With 0.5 per cent on MCX crude oil is trading at Rs 4,820.

Has gained momentum in base metals. Copper on the London Metal Exchange rose again to $ 7,800. 0.1 to 0.7 per cent rise in base metals on MCX has. MCX Copper is currently trading at Rs 423.10 with a gain of 0.25 per cent is.

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