Wednesday 10 October 2012

Commodity Market Update(Silver)


CMX Gold and Silver are trading slightly negative today; the actively traded Gold contract is trading lower by 0.10% at $1773.90 while Silver is trading lower by 0.21% at $33.94.However the domestic prices are in green supported by a weaker rupee against the dollar, we expect bullion prices to trade in a narrow range for the day. Base metals on LME are trading flat, Copper is at $8183 while Nickel is at $18091, up by just 0.8%. Lack of macroeconomic releases from US may lead to a silent trading session ahead. On Energy Complex, international Crude is trading higher by half a percent at $89.75 while Natural Gas is trading at $3.401, lower by just 2 cents.

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