Wednesday, April 13, 2016

The decline in Gold and Silver, MCX CrudeOil dominating on the quarterly

Tuesday's record rally in MCX Crude has continued to fall today. Brent crude in the international market fell half a percent to $44.44. In Early Trade MCX Crude is trading at 2767 with a fall of 0.54 percent. 

These fall after record gains in crude due witnessed profit booking. With this supply is expected to rise also weighed on prices. US crude stocks rose last week 6.2 million barrels. After which the supply is likely to increase prices to dominate. 

In early trading, while gold and silver prices have also declined. MCX Gold in early trading 0.33 per cent down at Rs 29240 per 10 grams level. Meanwhile, silver fell by 0.63 per cent level is 38070. Metal prices fall in gold prices in the global market because of the pressure has been reported. 

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