Similar to gold, silver is also sensitive to US monetary policy changes and the revival of rate hike expectations over the past few weeks has stemmed the price rally.
In an interview to CNBC-TV18, Kishore Narne of Motilal Oswal Commodity Brokers spoke about current trend in commodities markets.
In an interview to CNBC-TV18, Kishore Narne, Motilal Oswal Commodity Brokers spoke about gold and crude.
Gold had touched a high of around USD 1,420-1,430 per ounce and then it was not able to sustain in the global market.
Kishore Narne, Motilal Oswal Commodity Brokers remains bearish on gold for 2013 and sees a downside of around 10-15%. In an interview to CNBC-TV18 he said the import duty hike by the government would not impact demand of gold in India.