Monday, December 17, 2012

Commodity Updates: Gold and Copper are Up

Gold is over early fall. Dominates the international market sell-off. The weakening of the rupee against the dollar, making gold in the domestic market has been strengthened. Comaks with gold at 0.3 per cent at 1691.60 dollars per ounce is trading. 0.1 percent higher on MCX gold is trading at Rs 31 235.

MCX silver has 0.2 per cent and the price has risen to Rs 61 460. With a gain of 0.5 per cent on MCX crude oil has risen to Rs 4,750. Although natural gas declined by 0.5 per cent. MCX base metals has gained 0.5 per cent.

On the other hand this is a sharp decline in futures on MCX cardamom. Part of cardamom has now come down to Rs 1,000. Spot markets grow rapidly after the last days of arrivals has increased pressure on prices. On the NCDEX Agri commodities such as barley and maize declined by 2 per cent in the December futures. On the NCDEX turmeric April, May and June futures gained 2.5 percent to seeing. Mustard in May and June futures gained 2.5 percent.

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