The effect of international market crash in the
domestic market is also being witnessed in gold and silver. Naimeks after
sliding on the crude oil in the domestic market has also weakened.
MCX gold is trading with lethargy. Yet the gold
price remains above Rs 29,000. Silver, 0.25 per cent down on the MCX is trading
at Rs 55 780. At the commodity tips , crude oil slipped 0.2 per cent has come down to Rs
5,500.
MCX denies any involvement in the base metals is
being witnessed. MCX has accelerated the aluminum and nickel, while copper,
lead and zinc are seeing a slowdown.
Ncdex tips free pepper to 1 per cent in the August futures
have gone up and prices have risen to Rs 40,000. And cumin in the July soybean
futures recorded 0.5 per cent strength. Barley on the NCDEX with 2.5 per cent
to Rs 1,600 has. Cotton cake break even 1 per cent is trading at Rs 1,360.
Mcx gold tips in the international market
- has seen a decline in silver. Comaks gold with 0.20 per cent to top $ 1656
level, with the decline of the silver half per cent is trading at $ 31 per
ounce. Thursday at 0.69 per cent in the domestic market with gold closed above
Rs 29,000, while the silver with 1.30 per cent from 55 909 to Rs.
Naimaks crude oil fell by nearly half per cent, although prices above 104 dollars a barrel. Thursday the slight decline in the domestic market with crude oil closed above 5,500.
Copper on the London Metal Exchange is trading at half per cent decline. Copper in the domestic market of 1.5 per cent on Thursday to quickly close above Rs 436.
Naimaks crude oil fell by nearly half per cent, although prices above 104 dollars a barrel. Thursday the slight decline in the domestic market with crude oil closed above 5,500.
Copper on the London Metal Exchange is trading at half per cent decline. Copper in the domestic market of 1.5 per cent on Thursday to quickly close above Rs 436.
Is estimated to be normal monsoon this year.
Meteorological Department has released the first estimates of the monsoon. 99
per cent this year's monsoon. The monsoon in June will be the final estimate.
Season of good rains in the paddy areas is
expected. The weak La Nina conditions is completely lost. Weak La Nina are much
less likely. Estimates of the monsoon in 2012, down 5 per cent - could be over.
So look at El Nino will be maintained.
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