Comex Gold and Silver prices have witnessed a sharp decline Today. With more than 1.30% decline comex Gold is trading near 1568 level while Silver slumped 1.5% to trade at $28 per ounce.
In MCX, Bullion metals declined heavily on Thursday. Gold witnessed 2.4% drop while Silver fell more than 3%.. The weak cues across the globe are suggesting that the precious metals are likely to trade with negative bias again. Below the level of 54000, silver may come down to 53600-53350 level while Gold may come down below 29000 level.
Crude and copper are also in decline mode as NYMAX crude and LME copper are suffering downside in the international market.