Tuesday, 30 July 2013

Commodity Market Update (Silver)

Gold is trading at 1321.20, -7.2, -0.54% and Silver is at 19.57, -0.29, -1.48%; prices in the domestic market remained lower with Gold at 28229.0, down 48 points and Silver at 40982.0, down 164 points despite a weaker rupee which is at 60.12, down 70 paise against the dollar. The intraday bias is neutral today. Base Metals traded on LME were down almost a percenteach today, Copper is at 6808.0, down 67 points or 0.97% and Nickel at 13610.0, down 106.0 or 0.77%. On MCX, the weaker rupee limited downsides and Copper is at 411.40, up 45 paise and Nickel at 814.90, up 2.90 now. The intraday bias is negative for base metals. Oil and Gas is also trading in red, Crude Oil is down 103.91, down 64 cents and Natural Gas is at 3.447, down 0.72%. On MCX, prices are higher with Crude up 20 points to 6272.0 and Natural Gas up 0.60 to trade at 208.90. Intraday bias is negative for both the counters.

No Major Economic Releases.

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