Commodity Market Update (GOLD)

Gold and Silver are trading steady on COMEX, the recent delivery Gold contract is trading higher by a dollar or 0.10% at $1676.80 and while Silver is trading lower by just 5 cents or 0.20% at $30.80 on other hand prices on domestic bourses are trading well in green, with Gold up by 200 points at Rs.30700.00 while Silver at Rs.57950.00, +365 points. Base metals on LME are lower since morning, extending the last session’s fall. Copper is trading down by $57 or 0.75% at $7614 along with all other metals. Crude Oil and Natural Gas are trading lower; Oil Prices are at $84.54, down by 30 cents or 0.33% while Gas is trading at $3.51 down by a percent at the time of writing this. Downside on domestic bourses is quite limited as the rupee trading down by 1.17% at 54.44 against the dollar.