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Crude oil prices in International market is constantly decreasing. There was a slight bounce back on Thursday in the market sell-off in crude is dominating. Meanwhile, Brent crude has come down to $ 83. India will benefit greatly from the decline in crude. Falling price of crude will lower inflation, current account deficit will decline, reduce import bill will reduce the subsidy burden of the government. In addition to coal and gas prices fall and fertilizer companies also will benefit too.
Also continues a steady decline in Gold and Silver. Both MCX Commodity Index are traded has declined. Where gold is trading around 25 200 dropped 243 points. The same is around 33 800 Silver also dropped 466 points.
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