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MONSOON UPDATE For Indian Market

Gold Silver Reports – (GSR) – MONSOON UPDATE For Indian Market – Conditions are becoming favourable for pre-monsoon thunderstorm activity over parts of northwest India from June 27, IMD’s Additional Director General Mritunjay Mohapatra said. Central India and the north Indian plains, that have been witnessing a rise in temperatures, are likely to get some relief in the next two to three days.

IMD revealed that less than 25% of the country received normal or excess rains till now. However, the monsoon is still expected to hit Delhi on June 29, its normal onset date for the national capital.

After making an early arrival on May 29, the Southwest Monsoon battered the coastal parts of Kerala, Karnataka, Maharashtra and south Gujarat.

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Overall monsoon deficiency till Saturday stood at minus 10 percent. Of the four meteorological divisions of the country, only the southern peninsula recorded 29 percent more rains. The rainfall deficit was 29 and 24 percent in east-northeast and northwest India respectively.

In the next 48 hours, the remaining parts of Odisha, West Bengal, some parts of Gujarat and Madhya Pradesh, remaining parts of Maharashtra, and east Uttar Pradesh will witness monsoon showers, he added. – Neal Bhai Reports INDIA

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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