Metals Trend today

Gold today has again set a new record. MCX Gold 31 524 rupees per 10 grams is reaching new record levels. In the spot market price of gold has gone beyond Rs 31,850. COMEX, gold has reached to $ 1,698 per ounce, which is the highest level in 6 months.

However, in today's business due to weakening of the euro against the dollar, gold seems sluggish. Also on Tuesday, the U.S. economic figures are even worse because of the pressure on gold. In August, the U.S. manufacturing figures are the lowest in 3 years.

According to Nirmal Jain, chairman of India Infoline makes sense to invest in gold.

The silver is approaching record levels of 7 months. Although the dollar rally was stopped because silver is currently booming. Currently, with a decline of 0.2 per cent on MCX silver is trading at Rs 60 475. MCX Copper fluctuation seems to continue. Even in base metals on MCX have gained 0.1-0.5 per cent.

Weak manufacturing data coming from the world is to get pressure on crude oil. NYMEX on both on and MCX Crude oil is a slow business. Hurricane Isaac 710,000 barrels a day of oil production in the U.S. has stalled. Currently 0.25 per cent on MCX crude oil is trading at Rs 5330 with.

Special margin of 10 per cent growth in the Chinese domestic market, despite being released. Still on NCDEX sugar has gained 0.5 percent. On the ICE raw sugar has slipped to a low of 3 months.