7/19/2012 04:26:00 PM
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Gold Commodity Trend
Gold agian trade on up side from middle of day and expected bullish for today's session. The yellow metal touched an intra-day low of $1567.34/oz and closed at $1572.3/oz in yesterday’s trading session. On the MCX, Gold August contract traced the Spot prices and declined by 0.4 percent and closed at Rs.29,159/10 gms after touching an intra-day low of Rs.29,142/10 gms on Wednesday. Depreciation in the Indian Rupee however, cushioned sharp fall in the prices.
MCX Silver Trend
While Silver is also trade in positive side and expected go up for next trading hours The white metal prices touched an intra-day low of $26.88/oz and closed at $27.2/oz on Wednesday. On the domestic front, prices fell 0.3 percent and closed at Rs.52,706/kg after touching an intra-day low of Rs.52,535/kg in yesterday’s trading session. However, epreciation in the Indian Rupee cushioned sharp fall in the MCX Silver prices.
Live Copper Updates
Base metal king Copper increased around 0.2 percent yesterday on account of positive global market sentiments along with expectations of stimulus measures from the US Fed policymakers. However, further upside in prices was restricted on the back of rise in LME copper inventories by 0.3 percent which stood at 253,575 tonnes coupled with strength in the DX. The red metal touched an intra-day high of $7,678.5/tonne and closed at $7,642/tonne on Wednesday. On the domestic front, prices gained by 0.6 percent on account of depreciation in the Indian Rupee and closed at Rs.425.70/kg after touching an intraday high of Rs.426.3/kg in yesterday’s trading session.
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