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Friday, 22 February 2013

Commodity Market Update (Copper)


Precious metals are trading flat today, the actively traded Gold on CMX is at $1580.65, up by almost $5.00 or 0.29% while Silver is trading higher by half a percent or 15 cents to trade at $28.87. A stronger rupee by 29 paise or 0.54% had weighed on domestic prices to remain sharply lower with MCX Gold for near month delivery at Rs.29583.00, down by 162 points while Silver trading at Rs.53860.0. Base metals are trading mixed with LME 3-month Aluminum $2064.00 down by $11.75 or 0.55% while all other metals are trading positive. Copper is trading at $7868.25, up by just 0.09% or 7 points at the time of writing this. Oil and Natural Gas futures on NYMEX are trading slightly higher at $93.07 and $3.25up by 0.27% each.

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