Crude oil and copper continued to trade up in today's trade as US GDP data is expected to be on the positive side. Crude oil is also seeing support coming in from tensions in Syria.
Gold has also seen support due to the Syria crisis.
"Weakness in the rupee will continue to dominate commodities movement here, although rupee has seen some appreciation in today's it still is weak," said Ajay Kedia, MD of Kedia Commodities.
Yesterday, due to the rupee hitting an all time low of Rs 68.80 per dollar copper, crude oil and gold hit an all time high on Multi Commodity Exchange in day trade.
Copper hit a high of Rs 512.65 per kilogram, crude oil hit a high of Rs7784 per barrel while gold hit a high of Rs 35,074 per 10 grams.
Gold has also seen support due to the Syria crisis.
"Weakness in the rupee will continue to dominate commodities movement here, although rupee has seen some appreciation in today's it still is weak," said Ajay Kedia, MD of Kedia Commodities.
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Copper is currently trading at Rs 491.10 per kilogram, up by 1.5%, crude oil is trading at Rs 7432 per barrel, up by 1.16%. Gold is trading RS 33673, per 10 grams, up by 0.8%.
Yesterday, due to the rupee hitting an all time low of Rs 68.80 per dollar copper, crude oil and gold hit an all time high on Multi Commodity Exchange in day trade.
Copper hit a high of Rs 512.65 per kilogram, crude oil hit a high of Rs7784 per barrel while gold hit a high of Rs 35,074 per 10 grams.