Bullions: In today’s trading session, the MCX Gold opened mildly above its previous price of Rs. 29668.00 to Rs. 29696.00. However, the MCX Silver opened on a negative note at the level of 38079.00 from its previous closing level of 38127.00. However, on yesterday, it closed 127 points higher from its previous opening level. Now it is trading around the level of 38107.00.
Energy: Yesterday, the MCX Crude which opened mildly above at the level of 4585.00 succeed to close above the 4600-mark at 4602.00. Today, it opened flat mildly above its previous closing level at 4608.00.
The flat sentiment could be an influence of trade dispute between the United States and China, weak Chinese import data and a smaller-than-anticipated drop in American crude stockpiles kept the pressure on prices.
It was also the reason for sharp fell in the prices of MCX Crude in Wednesday’s session.