Worsening US-China trade war raising fresh growth concerns and intensifying geopolitical tensions have rattled commodity markets globally. In India, however, prices of commodities depending on imports have been supported by a sharp fall in the rupee exchange rate against the dollar. Base metals and crude oil were down due to growth concerns while gold, silver prices shot up to new levels globally, while in India falling rupee has only fuelled the rally. On the benchmark Multi Commodity Exchange (MCX), gold futures for delivery in October gained by 2 per cent to hit the lifetime high of Rs 36,956 per 10 grams. Silver futures for delivery in September jumped by 2.53 per cent to trade at Rs 42,410 a kg with its price in the spot was quoted at Rs 42,035 a kg.
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Indian Commodity market is very affected by US-China trade war. Global market dispute is also disturb Indian commodity Mcx market. If you are igonring this point so you can get huge loss.
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