Tuesday 13 November 2012

Commodity Market Update (GOLD)



Gold and Silver on COMEX are trading tight in a range with Gold futures at $1734.40, up by $3.5 or 0.20% and Silver futures at $32.64, higher by just 5 cents or 0.16% while prices on domestic market are well higher MCX Gold for December delivery is trading up by Rs.31860.00 up by 215 points or 0.66% and Silver is up by 400 odd points to Rs.61328.00 as a weaker rupee by 0.34% to 54.94 against dollar had supported prices to move further. On Base metals prices are trading mixed, moving in and out of its positive territory with LME 3-month Copper at $7606.00 up by 0.40% while on energy complex Crude and Natural Gas on NYMEX are trading lower, Oil prices are lower by 17 cents at 85.90 and Natural Gas is trading down by 0.60% at $3.4820.



Today there will be no economic releases from the US as the US banks are closed in Observance of Veteran day.

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