Gold is trading at the edge of the fall in silver. Gold price in the domestic market is close to Rs 28,000. At the MCX, silver with 0.25 per cent to Rs 52 600 has occurred.
Crude oil has declined. On MCX, crude oil is trading down about 1.5 percent. Crude oil in international market has been witnessing a declining trend. Crude oil reserves in the United States has increased pressure on prices.
In base metals business is slow. MCX Copper, aluminum and zinc has recovered, it is seeing a decline in lead and nickel.
MCX and NCDEX has seen a sharp decline in the sugar. Both exchanges have slipped down to Rs 2,800 on the price of sugar. Increased production of sugarcane in Uttar Pradesh and Maharashtra, is to get pressure on prices.
Light is an increase in gold, while silver has declined marginally. MCX gold is at Rs 27 765. Watching the silver level of Rs 51 860. Decline in the international market in gold, while silver is gained.
Crude oil remains in the lead. Almost half per cent in the domestic market with crude oil at Rs 5364. Nainmaks the declining trend in crude oil, although the price is above 101 dollars a barrel.
Base metals in mixed trends. Aluminum and copper on MCX has declined, while nickel, lead and zinc is gained.
FMC also Teknosol India (Jaipur), Ganapathy Multi Commodities Business (Sriganganagar), commodities Ganganagar (Ganganagar), Best Commodities and Financial Services (Jodhpur) and Vinod commodities (Jodhpur) in action.
The decline in the international market of crude oil in the domestic market has slipped. Similar to gold and silver is being witnessed. International market boom in gold and silver in the domestic market seems to decline.
At the moment MCX Crude oil slipped 1.25 per cent at Rs 5370 has arrived. Naimeks the crude oil has come close to $ 101. While on MCX gold has been strong at 0.3 per cent and reached Rs 27 900. Although silver has been 0.25 per cent fall to Rs 52 600. Also with a gain of 0.2 percent on MCX Copper is trading at Rs 403.30.
On NCDEX, guar gum and guar seed has strengthened by 1.5 per cent. Potatoes also are seeing gains of 1 per cent. But NCDEX declined by 3 per cent in the coriander. Pepper looks weak at 1.5 per cent.
Guar futures have started taking steps in the manipulation of the FMC. FMC has issued a show cause notice against 5 brokers.
Documents required are sourced from FMC and businesses 30. Guar futures brokers in the huge surge in the FMC’s clients accused of funding the wrong way.