Gold up, copper down on strong rupee

Gold is trading up by only 1.3%; Crude oil and copper are down by 1.2%

Gold on MCX is trading up by 1% on the back of strong gains in gains internationally, but strength in the rupee has capped the price rise of gold. 

 

Yesterday Fed announcement has been in support of bullion prices internationally, gold internationally yesterday after Fed's announcement rose to $1364.5 per ounce up by 4.2%. 

 

On the Indian market, gold is trading up by only 1.3% to Rs 30,370 per 10 gms. 

 

Copper and crude oil on the other hand are trading down only due to strength in the rupee.

 

Internationally, copper and crude were up, but on the Indian markets rupee has caused copper to crude oil to trade down. 

 

Crude oil and copper are down by 1.2%. 

 

Crude oil is currently at Rs 6742 per barrel and copper is trading at Rs 463.1 per kg. 

 

While on the international markets crude oil was up by 2.7% to $108.31 per barrel, and copper was up by 1.7% $7205 per tonne.