As the US Federal Reserve meeting in the
nearest coming is increasing pressure on gold and silver prices. Domestic gold
price has come down to Rs 28500. The global market, gold is under $ 1180. The
price of silver is below Rs 40,000, Rs decline and recovery in global markets
has put pressure on domestic prices double.
The
sell-off in base metals dominates. Nearly all metals including copper on MCX
are trading down 0.5-1 percent. MCX Copper dropped 0.4 per cent to Rs 401 has
arrived, while the weakness of aluminium with 1 per cent is trading at Rs
119.8. Nickel is trading at Rs 790, down 0.2 per cent. 0.4 per cent at Rs
152.75 with lead has come. Zinc is flat move.
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| COMMODITY MARKET STRATEGY |
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