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Commodity Tips And Updates 1-August-201

Commodity Markets: Gold - Silver -Crude-Copper -Nickle

Commodity updates: 1-August-2012

Despite the slight edge in the international market pressure on the domestic market is showing gold and silver. The rupee has strengthened against the dollar, gold and silver are weak. Naimaks the crude oil declined 0.25 per cent is trading at 87.80 dollars a barrel.With the decline of 0.15 per cent on MCX gold has come close to Rs 27 700. Silver has weakened 0.3 percent and its price has fallen to Rs 53 800. Crude oil slipped 0.5 per cent to Rs 4,900 on MCX has come down. MCX 0.25 to 0.5 percent on weakness in base metals is obvious.
NCDEX soybean October futures trading at Rs 2 per cent up to 3940. Castor seed futures AUGUST with about 2 per cent to Rs 4,300 is reached. Seeds and soybeans have gone up nearly 1.5 per cent.NCDEX pepper at the close of the August futures declined by 0.5 per cent.

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