MCX gold notched a fresh high as far month December contract breached Rs 29,000/10 gm level during the morning hours of trading on Multi Commodity Exchange (MCX) Monday. Domestic prices rose in sync with global firming trend which also hit fresh high of USD 1,920.65/oz.
MCX gold, most active October contract made a high of Rs 28,744/10 gm and currently traded at Rs 28,722/10 gm, up Rs 237 and. Volume was 19,163 lots.
Gold mini, most active October made a high of Rs 29,002 and currently traded at Rs 28,732/10 gm, up Rs 249. Volume was 44,745 lots
Crude oil with 2.5 percent of weakness is trading below 87 dollars a barrel. On Friday, crude oil also closed lower by 3 per cent. The U.S. market has risen from a fall in gold purchases. With the rapid pace of 3 per cent gold is trading at $ 1882. 1876 dollars per ounce on Friday, gold closed at Comaks. MCX gold at 1.5 percent with strength came close to Rs 28,000.
Fear of recession deepened in the United States crude oil has slipped. Naimeks currently with the crude oil 0.8 per cent is trading at 85.77 dollars a barrel. Brent crude also broke the 0.8 per cent is the level of 112 dollars a barrel.
Although the recession deepened in the United States is to see the gold and silver purchases. The Comeks 1877.70 dollars per ounce on gold from 0.2 per cent level is reached. I can see on the silver boom in the Comeks. Comeks currently at $ 43.20 per ounce silver level has been exceeded.
Decline in crude oil today. Naimaks crude oil is trading at about half per cent. Appears the selling pressure in gold. Comaks the gold has come down to $ 1880.
There has been a decline in crude oil today. With crude oil fall at MCX is trading at Rs 3935. America's crude oil demand in China due to fears of reduced pressure on crude oil prices remains.
Despite difficult economic conditions, gold is seen in today's fast. MCX gold was trading at about half per cent Bjht. While silver has gone up a half per cent. Silver on MCX is trading at Rs 64 380.
Base metals declined today. On MCX, all metals, including copper are trading at about half per cent. The decline in international market has had an impact on domestic businesses. United States and China projected to decline in demand has seen a decline in base metals on the LME. The Copper prices in Shanghai have broken up nearly a cent.
Gram is seen in today's buoyant. On NCDEX, gram prices rose to Rs 3,350. Spot market prices have increased demand. Today in the spot market is trading above Rs 50 a gram.
MCX silver updates remains above Rs 64 500. Comaks price of silver has gone beyond the level of $ 43. However, weakness in crude oil continues. On MCX, crude oil is trading close to Rs 3900. Naimaks the crude oil is at $ 85 a barrel level. Agri commodities guar gum has lost nearly 3 per cent. Mentha oil is traded on the edge.
Reduced demand and supply of crude oil, which is concerned about the pressure seems too crude.
Naimaks currently 3.25 per cent fall in crude oil reached 84 dollars per barrel down. The Brent crude has slipped below the 111 dollars a barrel.
The sharp drop in the stock market boom seems to sleep. Comeks currently on the gold price has risen close to $ 1900. In the domestic market, up 2.5 per 28 485 per 10 grams on MCX gold level is reached.
Fears of recession in the United States as a safe investment in gold has increased the trend of shopping. European strength in gold has come from the credit crisis deepened. Comaks the silver looks down and is now down to $ 43.
Begins today with gold edge. Edge with gold on MCX is trading at Rs 28 602. The silver is also boosted. With silver edge in the domestic market is trading at Rs 66 763.
Crude oil is traded on the edge today. On MCX, crude oil is at Rs 3866. In today's sluggish showing traded base metals. Most of aluminum has declined by half per cent.