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The brightness of silver has fallen. In the domestic market, it has lost nearly 200 rupees. In a week, the price of silver has fallen to around 1000 rupees. Silver is below 42,000 rupees in domestic market. Even today, there is more silver fall than gold. On the MCX, gold is trading 0.25% down at 28,680 rupees.
The fall in crude oil is high. Brent Crude is trading at $ 55.5 in the international market, while the price of WTI Crude at NYMX has come down to $ 52.75. At the same time, crude oil on MCX is slipping 1 percent and trading at 3525 rupees. However, there has been a sharp rise in natural gas. Natural gas at MCX has grown by about 3% to Rs 194.8.
Recovery has come after the fall of the previous days in the base metal. At present, the price of aluminum on MCX is flat and looks at Rs 125.3. Copper is trading at Rs 388 against the rate of 0.4 per cent. However, Nickel has broken 0.7 percent and is trading at Rs 706.3. At the same time, the Led 0.3 has risen to 149.5 rupees. Zinc is trading more than 0.5 percent to 180.5 rupees.
Today the decline in sugar in the agri commodity has gone up. The price of sugar in futures is at the lower level of 3 months. Actually government fears the interference. There is also a sharp decline in sugar in the global market. In addition, coriander futures have been reduced by about 2% in spices. However, guar seed and guar gum have gained momentum today.
Gold prices reaching 2 weeks high price at Rs. 22,232 per 8 gram and has increased up to Rs 240 for 8 grams this week. Investors are rushing to buy gold, as they feel there will be a setback to cut the corporate taxes by Donald Trump as a part of this reforms, which also raising doubts over other reforms to be implemented, so there is sudden panic creating among the investors which is aiding this up move.
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