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Monday, January 9, 2012

MCX Silver Updates and Commodity Market Trend for Today

After the initial fall in silver prices have stabilized.However International Silver is in up-trend but there is pressure on the domestic market After touching a record level of Rs. 75,000 last year Silver has been declined 30-35 per cent.

The silver on MCX is trading around Rs. 51700 with mild weakness. With the decline of 0.35 percent on MCX gold is trading at Rs. 27650. Crude oil has Slipped 0.5 per cent and it is trading around Rs. 5330. Copper has slipped below 400 level and and it is likely to remain under selling pressure for the day.

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