Gold in small scope, crude fell.....


Posted February 17, 2016 by PurviMehta

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.

 
Despite the weak rupee is seeing a slowdown in gold. Domestic and international market, gold traded in the range is very small. Gold has fallen some early gains. In fact, the details of the last meeting of the US Federal Reserve is scheduled to release. MCX gold is trading around Rs 28900. In early trading, gold reached Rs 28,990. Silver is trading at 0.25 per cent at Rs 37300.

Before the decline in crude oil inventory report is seeing. Despite the weakness in the rupee against the dollar helped to weaken crude. The rupee has fallen to the lowest level in 2.5 years. 1 price of $ 68.60 has gone beyond Rs. Iran and the oil producing countries of the meeting came Snblta sight. MCX crude oil is trading at 0.15 per cent at Rs 1990.

China’s concern is the decline in all metal, including copper. 0.3 per cent on MCX Aluminum with weakness has come at Rs 104.7. Copper fell 0.2 per cent to Rs 310.35 seems. MCX Nickel fell by 1 per cent to Rs 566 seems. Lead has weakened 0.9 percent and the price seems to Rs 121.9. Zinc is also 0.8 per cent to trade at Rs 112.85.

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Last Updated February 17, 2016