Crude oil price weak, dropped Rs 3,000, MCX commodity live price 03 Aug

The decline in crude oil has increased. MCX crude oil price dropped Rs 3,000 in domestic market. The International market WTI crude last 4 month and Brent crude oil have come to the 6-month low. Iran increase supplied guess the pressure on prices. Indeed Iran is waiting just recessive economic ban. The Rupee strongly against dollars has crude oil price decline in the domestic market. 

Decreased demand for crude oil as well as in China, while China is the second largest consumer of crude oil in the world . In last month, crude has falls 15 per cent. The record levels in July, OPEC's crude production that has also dominated the weakness.

Gold Price decline five year low 25,000, 20 Jul Today Commodity market Live price

On Commodity market, Today the International and domestic market saw a sharp decline in gold prices on Monday. Gold down to a five-year low in the International market. Gold prices in the domestic market went down to Rs 25,000 per 10 grams, which is a four-year low. China, the Shanghai Gold Exchange on behalf of the sudden heavy selling in gold, interest rates are likely to rise in the US dollar strongly and the sudden sharp decline in gold prices. Experts say that the decline in gold prices is expected to continue further. Gold prices dropped in the next 2 to 3 months to Rs 24,000 per 10 grams can occur. 

Indian Bullion and Jewellers Association President Mohit Kamboj said Mni bhaskar told, the prices of gold and Rs 24,000 per 10 grams the next two months. Kamboj the third consecutive year, while gold investors will return negative. That is why investors are investing in gold instead of other assets. On the other hand, the buyer is awaiting its gold and will be cheaper due to which demand is declining. In the past two and a half years, gold has become cheaper by Rs 7,000. In 2012, gold prices touched Rs 32,000 per 10 grams trans.