The government increased the MSP of rabbi crops, mcx gold silver live updates

Mcx commodity market under pressure today, All mcx commodity is trading in higher downtrend. Mcx yellow metal down more than 1% at 26758 decline from its previous close at 27079 . gold touched intraday high of 26990 and intraday low of 26714. While mcx silver december future contract down more than 2% silver open at  38125 now silver traded down rs 830 at 37443. 

The government increased the MSP of rabbi crops has announced. 1400 MSP of wheat has been increased from Rs 1450 to Rs. Yesterday at a meeting of the Cabinet Committee on Economic Affairs MSP of gram and mustard has also decided to increase of Rs 50-75.

1100 MSP of barley has been enhanced from Rs 1,150 per quintal. Has the highest increase in the support price of lentils(masur dal). 4.25 per cent to Rs 3,075 per quintal MSP of lentil has been around. This was the first lentil quintal to Rs 2950 MSP.

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Base metal has increased the pressure. Particularly sharp decline in lead and zinc. Both of these prices on MCX has slipped to about 1.5. MCX Zinc has come down to 1.3% to Rs 141. Tumbled 1.25% to Rs 137.5's lead. Aluminium 0.3% has come down to Rs 124 with osteoporosis. 0.1% copper and nickel declined by 0.5% .
Notably, despite the weakness in the rupee against the dollar base metal is not any support. Trade data you may know, has been issued in China, where exports grew 14.5% , which is double than expected. Whole Sales inventory data to be released today in America.
Castor seed is risen today. Castor seed futures on NCDEX August is showing slight gains while the September futures jumped nearly 1% to Rs 4,300 has been exceeded. The thing to note is that Castor sowing in Gujarat is projected to grow this year.
NCDEX September Jeera futures gained 0.5% is trading at Rs 11400. The September futures on NCDEX chana with a gain of 0.2% is trading around Rs 2920, while it declined 0.1% in August Futures.

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