In international market, gold and silver negative mode, Gold Feb contract on the COMEX is seen trading at 1702.55 an ounce, a down of 0.90% on Thursday. Silver on the COMEX was trading at $33.11 with loss of 0.664 dollars, a decline of 1.97%.
On Indian’s MCX gold and silver is decline prices and selling pressures. MCX Gold Feb delivery is seen trading at Rs 31159 a loss of 238 Rs, change of-0.76%. MCX Silver Mar contract was trading prices 62287 a loss of 937 Rs and change of -1.48%.
“The all Investors are now focused on the fiscal cliff discussions, which are appearing support and intimidating to consider on all markets,” said Xiang Nan, an analyst at CITICS Futures Co., a unit of China’s biggest listed brokerage to Bloomberg News.
MCX Crude oil Dec delivery is week starting today, MCX Crude oil -0.55 per cent decline in the market with crude oil is now trading prices 4703 Rs with loss 26 Rs. than NYMEX crude oil prices also weakness.
MCX base metals are trading decline in the market. Base metals product copper Feb -0.61% decline, Nickel -0.61% down, Lead Dec -0.56% down, Zinc Dec 0.84% decline.