Once beyond Rs 28,000, gold demand has decreased. The gold in the domestic market has come down about 0.5 percent. Silver also declined. The fall in demand in the domestic market at around $ 25 per ounce of gold is on discount. Chairman of the US Federal Reserve’s statement today is to come. Fell 0.5 per cent on MCX gold is trading around Rs 28250. Silver fell 1.5 per cent to around Rs 36750 looks.

Meanwhile, crude oil today after yesterday’s steep fall of nearly 2 per cent is. The US Energy Department said crude oil has reduced estimates. The American Petroleum Institute said in a report that about 24 million barrels in US crude stocks have increased, the increase is less than expected, so is the support to crude prices.

Recovery in the domestic market worth of crude oil on the international market is not getting the advantage of fast. MCX crude oil at Rs 1940 seems to be flat. Earlier in the day, crude oil prices reached in 1960 was Rs. MCX Natural gas fell nearly 1 per cent at Rs 143 seems.

Base metals slowdown in the environment is being witnessed. In fact, all metals, including copper for Goldman Sachs estimates for this year and next year is around 10 per cent cut. MCX Aluminium flat and seems to Rs 101.25. Copper down 0.2 per cent to Rs 306 seems. Although nickel with 0.3 per cent at Rs 553.5 seems. Lead has weakened about 0.5 percent and the price has gone up to Rs 123.15. Zinc fell 0.6 percent has come down to Rs 114.

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