What are the strategies in the commodity market?

Gold in the global market has reached extremely close to $ 1290. This is the upper level of 3.5 weeks. Gold has got support from sluggish dollar. Indeed, the dollar index is also at the lower level of 3 weeks. Meanwhile, silver has stopped staying at the upper level of the last 1 month. It is trading above $ 16.5. Gold on MCX is showing a gain of 0.3% and is looking at Rs. 29036. At the same time, silver is trading at Rs 38,800 with the strength of 0.3 percent.

The crude oil continues to flourish even today. Brent price is at the upper level of 2.5 years in the global market. It is trading above $ 66.6. While NYmax crude has reached extremely close to $ 60. On MCX, crude oil has come in at around Rs 3840 with 0.5 percent increase.

There is also a rise in the metal and Copper has reached the top level of the last 4 years on the London Metal Exchange. Prices have been supported by the demand for China's rise in demand. About 30 percent of copper has come in this year. Today the weakness in the rupee has increased against the dollar and the price of 1 dollar is Rs 64.20.

In Agri Commodities, the January futures of mustard on NCDEX is showing an increase of 0.25 per cent over Rs 3,650. At the same time, January futures of Soya oil have been around Rs. 720 with a slight increase of 0.03 percent.