As per the Today's trend, in commodity market, most of the movements was in Gold and Silver.In domestic market, the price of the gold was decreased by 0.5% and the price of the silver was decreased by 1%.The reason behind fall in price of Gold and Silver was due to the fall of price of gold and silver in global market.In today's market, the price of gold in mcx was near about rs.30750 and on the other side the price of the silver was fall and observed near about rs.46000.on the other hand, the price of crude oil was also decreasing.The price of crude oil in global market was decreasing but in case of global market crude oil gets support in the same market.
In Europe, the price of gold was continously increasing as compared to the domestic market.In case of domestic market, the price of gold maintains consistency as compared to the international market.On the other side, the price of oil was decreasing day by day by 0.5%. In international market, the price of oil was continously decreasing and this price effect of oil has been seen and noticed in the domestic market also. in the case of base metals. the price of all the metals except the aluminnium was decreasing day by day.Their were more price effect in copper and nickel. On the other hand, SEBI has organised a meeting of commodity derivative advisory.
The current market price of Gold is rs.30873. It will take resistance levels of rs.30910 and rs.30960.On the other hand. it will take support levels of rs.30730 and rs.30790.
The current market price of Silver is rs.46370. It will take resistance levels of rs.46510 and rs.46750.On the other hand. it will take support levels of rs.45900 and rs.46120.
The current market price of Copper is rs.336.55. It will take resistance levels of rs.338 and rs.341.On the other hand. it will take support levels of rs.329 and rs.332.