MCX Crude oil futures nose dived by five per cent on very opening of Multi Commodity Exchange (MCX) Tuesday session tracking plunging Nymex prices that also dropped nearly five per cent. Nymex prices headed for its biggest slump in the last two years.
Nymex crude oil September delivery traded at USD 77.32/barrel, down 3.99 (4.91%).
MCX crude oil August contract traded at Rs 3,566 [-213.00] a barrel. Far month September and October contracts traded at Rs 3,615 [-199.00] and at Rs 3,654 [-214.00] a barrel respectively.
International market, gold touched a new record level of $ 1800 is over. Comeks 1,817 dollars per ounce of gold has hit record levels.
Gold futures on the CME Group’s margin was 22.2 per cent. So now to see profit in gold is at record levels. Gold remains up on the Comeks.
Comex currently the gold by 0.2 percent with strength is trading at 1784.60 dollars per ounce. While there is weakness in the international market in silver. Comeks currently $ 39 per ounce of silver on the break and came close to that level.
In trading yesterday, crude oil rose 4.5 percent and prices reached 82.89 dollars per barrel level. But now there is a decline in crude oil. Naimeks now slipped 0.2 percent to 82.75 dollars per barrel crude oil is at. With 0.5 per cent, while Brent crude at $ 106 a barrel level is reached.
U.S. Federal Reserve not to increase interest rates by the crude oil is back up. However, Naimaks the crude oil is trading at 82 dollars a barrel. On MCX, crude oil remains above Rs 3,700.
Experts say the rise in crude oil is not due to demand. Therefore, the weakness in crude oil could see attitude.
After Tuesday’s record rally in gold is looking weak today. Comaks arrived at the Gold level of $ 1761. Is gold on MCX at Rs 25,700.
Experts say increasing liquidity in the United States to the gold level is $ 2,000.
Base metals looks up for the day as positive China data and a sluggish dollar can force the prices higher. Three months copper on the London Metal Exchange shut at $7,993 a tonne.
Base Metals shocking today is to move upwards. Khpr on all metals including MCX 1 to 2 per cent is on the business. Large variations in gram today – has seen the lows. Strong start today after the sharp decline in gram. August futures in NCDEX gram is under 2,900 per quintal.