Gold and silver lead light, Natural gas rises 2%

The rupee has seen a huge decline in the rupee against the dollar in view of the trends in the elections in Gujarat. The price of one dollar has gone up to 64.30 rupees. The rupee has slipped from the upper level of three months. Meanwhile, the move to gold in the global market has dull. There is pressure from upper level. There is a weakness in silver too. Although crude oil has a slight edge. Brett is above 63 dollars, while NYMEX is trading above $ 57 in WTI crude.

On MCX, gold is trading at Rs. 28320 with an increase of 0.25%. Silver is trading at Rs.37325 with a rise of 0.3%. At the same time, crude oil on MCX is trading 0.3 percent higher at 3680 rupees. Natural gas is trading at about 170 rupees with a 2% jump.

Although there is a trend of lethargy in base metals. Copper on MCX has been falling 0.2 percent to 445 rupees. Nickel and Zinc's movements are sluggish, while the lead is trading with an increase of 0.15 percent. Aluminum is trading at Rs. 132 with a rise of 0.3 percent.

Agri Commodity has got a strong bounce in gram over NCDEX. The January futures of gram has jumped more than 1.5 percent and is trading above Rs 4,000. Coriander and guar gum have also been strengthened. However, weakness in the castor seed on NCDEX dominates.