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Commodity updates: 3-May-2012
The effect of weakness in the international market in the domestic market is being witnessed in gold and silver.Comeks in the gold and silver declined by 0.5 per cent. MCX gold is trading above Rs 29 200 with idling. Slight decline in silver and it has come close to Rs 55,000.
Light crude oil to Rs 5,600 on MCX with the boom has come across. MCX denies any involvement in the base metals is being witnessed. Copper has a slight edge, while aluminum and nickel have been strong at 0.5 per cent. Although lead and zinc seems to decline.
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