Copper, crude oil trading near life time high on MCX

August 26, 2013

MUMBAI-INDIA (Aug 26)   Copper and crude oil on Multi Commodity & Derivatives Exchange is trading near life time high levels and is expected to move higher during the day due to the weak rupee. 

Silver is trading currently trading at six months high level, while gold is trading at a one year high on MCX, this is also due to the depreciation in the rupee. 

"Copper, crude oil and bullion prices will move up in today's trade on the domestic markets due to the depreciation in the rupee," said Dharmesh Bhatia, AVP, Kotak Commodity Services. 

On Friday, crude oil hit high of Rs 6927 per barrel on MCX, and copper hit a high of 483.32 per kilogram. 

Gold hit a one year high of Rs 31935 per 10 grams and silver a six month high of Rs 53,945 per kilogram. 

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