Monday 18 February 2013

Commodity Market Update (Gold)

Gold on CMX is trading positive by 4 points or 0.25% at $1613.10 while Silver is trading higher by half a percent or 15 cents at $30.00. On domestic market, Gold prices are trading flat with a nominal gain of just 16 points at Rs.30210.00 while Silver is at Rs.56285.00, up by 200 odd points. Prices are likely to remain in a range due to lack of economic releases to set moves for Gold and Silver. Base metals are trading sharply lower today; 3-month Copper on LME is at $8134.00, down by 0.88% or $72 and Nickel is the top loser to ease 1.66% or more than $300.00 at the time of writing this. On NYMEX, Oil and Gas are trading flat with some nominal change till now. Crude futures are trading lower by 0.23% at $95.64 while Gas futures are higher by 0.25% at $3.161.

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