Gold Silver Updates:
With the depreciation in Indian Rupee adding to the bash, Indian silver bugs have enjoyed 13% return in 2012 with around 30% reduction in trading volume on the MCX compared to 7% returns in the international markets. Main reason for investments to pour into gold and silver is the continuous stability witnessed in the global bullion markets. Besides it is easy to liquidate gold and silver. Normally, the commodity melts in the month of December following speculative selling pressure and profit booking as prices are trading at yearly high levels.
Bullion Trend Today:
MCX, trend is relatively flat for gold and silver. Gold for delivery on February 5, 2013 was seen trading at Rs.30867 a gain of 0.02% against the previous close. Silver for delivery on March 05, 2013 was seen trading at Rs.57842, loss of 0.04% against the previous close.
Crude Oil Tips:
The risk of recession in the U.S. has moved from the crude oil jumped. Crude oil prices in the international market has increased by nearly 1 per cent. Naimaks the crude oil above $ 92 is gone. Brent crude rose above $ 111. Despite strong rupee gained in the domestic market is too crude. The 0.6 per cent on MCX crude oil has risen to around Rs 5,200. We suggest to buy MCX Crude Oil for Short term on lower levels.
