Sixth straight decline in gold and silver, crude crashes 1%

The strong US dollar impacting negative on the commodity market. Gold and silver fell for the sixth day in the international market is at a six-year low. However, the sharp decline in crude. These negative signs show that the domestic market is the decline in gold and silver on MCX. Gold is at 25240 per ten grams. The silver fell by Rs 33, 935 per kg.

Gold: Strong dollar increased fall

Due to increase in dollar, gold has fell down in the international market. Gold is down 1065 dollars per ounce on COMEX. Also silver crashes half per cent and is trading at 14.09 dollar/ ounce. In terms of the domestic market gold fell by 0.16 per cent on MCX and is at 25240 per ten grams. However, silver declined by 0.43 percent to Rs 33935 per kg.

Crude fell again

The rise in crude prices could not remain continue. Due to a stronger dollar in the international market of crude has dropped more than one percent. On Nymex crude fell by 1.24 percent to $ 42.50 per barrel after falling 0.42 percent and Brant crude is trading at 45.42 dollars a barrel. In terms of the domestic market, MCX crude gained 0.11 per cent to Rs 2855 looks around.  With a slight rise of 0.07 per cent, natural gas is trading around 150 rupees.

Base metals also fell down

In terms of base metals, aluminum fell 0.45 per cent, ads seems around Rs 100. With the slight increase Copper is trading around Rs 305. Nickel is trading around Rs 605 with 0.58 per cent down, 0.70 per cent to Rs 110, while lead is trading below at Rs 110 with 0.70 percent down. The zinc fell down 1.27 percent and trading around 105 Rs.

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