Mcx commodity market opened bullish trend , Gold and silver trading with high prices. Crude oil has recovered. MCX crude oil prices have reached close to Rs 6,400. The price of crude oil has peaked at 9 months.
The insurgent violence in Iraq has increased the tension. Hence, crude oil has gone up. This week, crude oil prices have reached about 5% of the year's biggest weekly fast. Natural gas has also risen in the international market. MCX Natural gas prices rose nearly 0.5% to Rs 283.
Base metals have gone up today. On all metals including copper on MCX is strongly edge. Although copper is still under 400 bucks. Despite nearly 1.5% , while nickel is down to Rs 1,100. Aluminium 1% , 0.75% lead and zinc was 0.9% .
