In NSE market rupee shows positive note at Friday morning .The rupee is trading at 54.48/49, after hitting 54.45 in early deals, its highest since March 1 and higher than its previous close of 54.56/57 on Thursday.
Silver shows manipulate movement in starting of these week, MCX silver was rose by 0.11% at 10:40 Am ,it rose by 60 RS to 54593Rs/kg. We expect it was up by 400 Rs to its open price, currently silver traded at 54660
After showing low position now commodity is going to positive side gold and silver become stronger than its previous value but in mid of April it was showed lowest position of the year .Silver gains the movement of 11 points and now traded at 45285 .its previous close was 45174,we expect its intraday value range bound between 45100-45400.
The Indian rupee recover sharply against to US dollar on Tuesday after announcing steps to curb speculative trading in foreign exchange derivatives .it trade at 59.73 rupees/ dollar .
Yesterday it was reach at 61 rupees and close at 60.61rs/dollar . the reason is that Indian economy is going weaker than US economy .after along strat ruppe slipped by points and traded at 60.30 at 10:46 am
GOLD price again slips in the Indian commodity market ,gold future edged down in the last trading session .technically The MCX gold future is still bearish side and expect continue to these way for whole day session. Mcx gold shows a consolidate trend with a strong support of 28478-28638 with in range and resistance 29075-29139 range.