15 May Commodity Market Updates | MCX Silver Tips | MCX Crude Tips

Biggest commodity exchange MCX reported 12.68 percent increase in its consolidated net profit at Rs 49.30 crore for the quarter ended March 31.

Gold traded almost a three-month high and was on track for its greatest week by week pick up in four months on retreating desires the Federal Reserve would climb U.S. interest rates soon.

India’s wholesale prices fell at a quicker than anticipated yearly rate of 2.65 percent in April, their 6th straight fall, principally on the back of driving oil prices, government information demonstrated on Thursday.

Silver prices on MCX dropped on Friday. At 4.05 PM Silver @ July contract traded at 39537.00 down 207.0 points. Silver rate touched the intraday high of 39790.00 and low of 39350.00. At a present level, it is recommended to Sell with SL of 39750.

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