NEW DELHI: Natural gas and crude oilNSE 0.97 % leaped in Tuesday’s trade as traders expected demand to return with opening up economies across the world. Bullion slipped as risk appetite increased.
Natural gas added 6.51 per cent to Rs 160.40 while crude oil was up 7.97 per cent to Rs 1,679. Gold and silver slipped up to 0.60 per cent.
Here is how SMC Global expects commodities to are today:
Bullion: Bullion counters can witness some profit booking at higher levels. Gold can move towards Rs 45,400 while taking resistance near Rs 46,000 while silver may move towards Rs 40,500 while taking resistance near Rs 41,200.
