International crude oil has
declined by half per cent. However Naimaks crude oil is still trading above $ 101.
On Tuesday, crude oil
gained in the domestic market had closed at Rs 5325.
Copper on the London Metal Exchange have dropped by
nearly half per cent. The domestic market on Tuesday, with copper up 1 per
cent to Rs 403 was closed up.
Today is the beginning of
gold and silver along the edge. With an edge in the domestic market gold is trading at
Rs 27 608. Rs 52
718 with the silver boom in business is seen. In the international market,
gold and silver prices have gone up.
In today's trend of declining
crude oil. On mcx tips , crude oil, with about half per cent is trading at Rs 5292. International market has also
seen a drop in crude oil. However Naimaks crude oil prices now above $ 101 remains.
Base metals see today that the situation is under
pressure. MCX is
trading at all the metals in the fall. Copper and zinc has seen nearly half a per cent. The declining trend in copper
on the LME.
Rise in arrivals, coupled with demand, put
pressure on jeera prices in the spot and futures markets. In the Unjha market
in Gujarat, jeera arrivals rose to 40000 bags (1 bag = 55 kg) from 28000 bags
on Thursday. The price of the spice fell to around Rs.12800 per 100 kg.
Meanwhile, the prices are likely to remain
supportive in the near term at a prevailing lower rate, due to a strong offtake
by both exporters and stockists. According to a trade source, exporters have
bought almost 80 percent of the total daily supplies from local mandies as
fresh supplies from Syria and Turkey are likely to delay in the current year
due political unrest and weather concerns that occurred during the sowing
period.
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