Crude oil , Gold and Silver, they all are declined continues : MCX Tips on 7/11/2014

MCX Tips

Crude oil prices in International market is constantly decreasing. There was a slight bounce back on Thursday in the market sell-off in crude is dominating. Meanwhile, Brent crude has come down to $ 83. India will benefit greatly from the decline in crude. Falling price of crude will lower inflation, current account deficit will decline, reduce import bill will reduce the subsidy burden of the government. In addition to coal and gas prices fall and fertilizer companies also will benefit too.

Also continues a steady decline in Gold and Silver. Both MCX Commodity Index are traded has declined. Where gold is trading around 25 200 dropped 243 points. The same is around 33 800 Silver also dropped 466 points.

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Commodity Live Report : Gold | Silver | Zink | Crude oil | Copper |

This week we see commodity market has occurs continuously up and downs. MCX Gold and Silver are both looking very different. Some time Silver are goes high and some time it goes down. But stile it become a positive zone. But Gold are not recover as soon.

MCX Gold are trade at down side with low price and it stand at Rs 27877 with -57 points down side. MCX Silver are trade at above side and it stand at Rs 44734 with 254 points above side.

Crude Oil has goes below and trade at Rs 6031 with low -42 points. Zink has seen high deference from the morning. It open at Rs 144.35 but after it down to Rs 142.9 with -1.9 points. Copper are trade at Rs 434.7 with lower side -0.1 points.

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