5/24/2012 05:38:00 PM
Your Advisor
Live Commodity Updates
Gold & silver trades in positive side while alls base metal shwoing down trend. Precious metals and base metals are expected to trade lower on account of long-term economic concerns, expected strength in the US Dollar Index along with weak investor confidence. Spot gold prices gained around 0.4 percent today on the back of weakness in the US Dollar Index (DX). The yellow metal touched an intra-day high of $1568/oz and hovered around $1565/oz till 4:30pm IST. On the MCX, prices increased by 0.1 percent as appreciation in the Indian Rupee capped further upside in prices.
Copper Live
In Indian Commodity copper trades on down side & seems to trade more down side. Copper the leading metal in the base metals pack increased by 0.7 percent on the LME on the back of decline in LME copper inventories by 0.7 percent which stood at 224,075 tonnes. The red metal touched an intra-day high of $7626/tonne and hovered around $7615/tonne till 4:30pm IST. On the MCX, prices declined around 0.2 percent on account of appreciation in the Indian Rupee and traded around Rs.425.50/kg today.
