Bullions: Today the MCX Gold opened on a negative note at the level of 29705.00 from its previous closing level of 29780.00 and sustained at this level. The Gold prices have been falling spree since mid-June. On the MCX, the gold prices have fallen by 5 percent in the same time and reached to Rs 29,728 on July 27. But, now today it is going even lower and plunged to a level of Rs 29705.00.
This price correction in the yellow metal was on account of the outcome of the US Fed meeting on June 14.
On the other hand, the MCX Silver also followed the footsteps of MCX Gold and opened negative at the level of 38250.00 from its previous closing level of 38356.00.
Energy: The MCX Crude Oil, on the contrary, showed the positive sentiment when it starts surging 4709.00 and touched a high of 4742.00.