MCX Gold, Silver, Copper, Crude Oil Updates Today

Precious metals prices are trading firm on MCX today. We do not expect any major fall in the prices of bullions on account of the ongoing loose monetary policy by US Fed. Buying at dips is recommended for the day. Industrial/Base metals prices are trading lower on international bourses today. We expect metals prices to remain under pressure on account of higher output from China and low physical demand. Selling on rise is recommended for the day. Crude oil prices are trading a tad higher on NYMEX today. We do not expect any major rise...

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MCX Gold, Silver, Crude Oil Updates Today

Gold and Silver: Gold and silver continued their volatility due to the unclear and uncertain news flows that came into the financial markets. The recent news from Cyprus is that its parliament passed on the bailout plan, which isn’t likely to satisfy EU and IMF officials. As a result, gold traded near a 3-1/2-week high on Friday, underpinned by safe-haven demand on the fear of a potential financial meltdown in Cyprus, which has put bullion on track for its biggest weekly rise in four months.  Crude Oil: Crude Oil...

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MCX Commodity Market Report Today 25 March 2013

Gold prices fell by 0.25 per cent to Rs 29,752 per ten grams in futures trading today as speculators trimmed their positions in tandem with a weak global trend. At the Multi Commodity Exchange, gold for delivery in April fell by Rs 75, or 0.25 per cent to Rs 29,752 per ten grams in business turnover of 8,063 lots.   In a similar fashion, the yellow metal for delivery in June lost Rs 72, or 0.24 per cent to Rs 30,315 per ten grams in 1,178 lots. Silver prices moved down by Rs 0.59 per cent to Rs 54,737 per kg in futures trade today as speculators...

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MCX Commodity Market Updates Today 22 March 2013

Snapping a four-day rising streak, gold prices today fell by Rs 120 to Rs 30,250 per 10 grams here due to selling by stockists at existing higher levels amid a weak global trend.  Silver followed suit and fell by Rs 250 to Rs 54,750 per kg owing to lack of buying support from industrial units and coin makers.  Traders said stockists selling at prevailing higher levels amid a weak global trend mainly led to the fall in gold and silver prices. Gold in New York, which normally sets the price trend on the domestic front, fell by USD...

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MCX Commodity Updates and Trading Tips Today

Bullion: Gold futures were trading higher on the local bourses as the rupee weakened against the dollar and also rise in benchmark contract. Investors will now turn their focus to the US Federal Open Market Committee's two-day meeting for cues on its asset-purchase programmed.  Metals: Base metal futures on MCX were trading higher due to the weakness in rupee against the dollar, but a range bound movement in benchmark contracts on the London Metal Exchange limited the rise. On LME, base metal contracts traded higher earlier in the...

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Weekly MCX Commodity Market Report ~ Gold, Silver, Copper, Crude Oil Updates

Both the precious metals, gold and silver, fell here today on sustained selling by stockists due to sluggish demand. While gold lost Rs 60 to Rs 29,930 per 10 grams, silver declined by Rs 15 to Rs 54,750 per kg. Traders said sustained selling by stockists on sluggish demand due to off-marriage and festival season mainly kept pressure on the precious metals.  In line with a general weak trend, silver ready declined further by Rs 15 to Rs 54,750 per kg and weekly-based delivery by Rs 70 to Rs 54,420 per kg. On the other hand, silver coins...

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MCX Gold, Silver, Copper, Crude Oil Updates Today

Bullion: Gold futures were trading lower on local exchanges tracking COMEX futures, but the fall in rupee against the dollar limited the downside in local prices. On COMEX, gold futures came under pressure due to the strong dollar against the euro and as investors were awaiting cues from the European leaders' summit today and Friday.  Metals: Domestic base metals were moving in a narrow range tailing benchmark contracts on the London Metal Exchange. However, depreciation in rupee against the dollar lent some support to local base metal...

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MCX Gold, Silver, Copper, Crude Oil Updates Today

Precious metals prices are trading lower on COMEX today. We expect a further decline in the prices of precious metals on account of a strong dollar overseas. Selling on rise is recommended for the day. Industrial metals prices are trading lower on international bourses today. We expect copper and Lead prices to remain under pressure on account of low physical demand from China. Crude oil prices are trading lower on NYMEX today. We expect a further decline in the prices of oil on account of higher stockpiles at key ports. Selling on rise...

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MCX Gold, Silver, Copper, Crude Oil Updates and Tips Today

Bullion: Bullion futures were trading up on local exchanges tracking the rise in COMEX futures, but the strong rupee against the dollar limited the upside in prices. Bullion futures rose on COMEX, as the recent consolidation in prices  after the sharp sell off earlier this month, boosted bargain buying. The weak dollar against the euro also pushed up prices.  Metals: Domestic base metal futures were trading higher on the MCX tracking the trend on the London Metal Exchange, where prices rose due to a marginal fall in dollar against...

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MCX Commodity Market Updates & Tips Today 12 March 2013

Bullion: Gold contracts were slightly higher on domestic exchanges tracking the gains in COMEX futures and weakness in rupee against the dollar. Gold futures rose on COMEX due to the weakness in dollar against the euro. Silver futures were trading down on local exchanges due to the fall in COMEX futures. But the weak rupee limited the downside in prices.  Metals: Domestic base metal futures were trading weak on the MCX tracking the trend on the London Metal Exchange. The fall in metal prices was, however, limited due to the weakness...

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Weekly MCX Commodity Market Report and Trading Tips

Gold prices extended their fall at the bullion market here on Friday on hectic selling from stockists and investors amid subdued demand as well as lower global cues. Silver also encountered heavy speculative selling pressure and dropped below the Rs 55,000 per kg-level on the back of poor industrial buying. Standard gold of 99.5 per cent purity dropped Rs 110 to close at Rs 29,410 per 10 gm from Thursday's closing level of Rs 29,520. Pure gold of 99.9 per cent purity also dipped by a similar margin to end at Rs 29,545 per 10 gm from Rs 29,655. Silver...

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MCX Gold, Silver, Copper, Crude Oil Updates Today

Precious metals prices are trading a tad lower on COMEX today. In the evening session we have the Unemployment rate and the non-farm payrolls data to be released by the US. Any positive data reported is likely to support the US dollar thus, pressurizing the prices of precious metals. Industrial metals prices are trading higher on international bourses today. We expect metals prices to trade firm for the day on account of better economic data points from US and China. However, weak physical demand from China may cap the upside in metals prices. Crude...

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MCX Gold, Silver, Copper, Crude Oil Updates Today 07 March 2013

Bullion: Gold futures were slightly lower on domestic exchanges as the rupee rose against the dollar and as COMEX futures shed early gains. On COMEX, gold futures had risen earlier on strong physical demand but the gains were erased as the dollar rose against the euro.  Metals: Base metal futures on domestic bourses were trading lower on weak cues from benchmark contracts on the London Metal Exchange and firm rupee against the dollar. LME base metal futures traded lower due to firm dollar against the euro and continuing concerns...

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MCX Commodity Tips ~ Market Data Today 06 March 2013

Bullion: Gold futures rebounded Tuesday as physical buyers returned to the precious metal after its recent retreat. Gold last week settled at the lowest price since late July, capping a four-week slump as a modestly brighter economic outlook left less demand for precious metals as a safe haven. Some investors buy gold on the belief that it will hold up better than other assets during market turmoil. Buying slowed as U.S. stocks climbed to multi-year highs. Metals: Copper futures rebound Tuesday on China's plans to maintain its economic...

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MCX Bullions, Metals, Energy Updates and Tips Today

Bullions: Gold inched up on Monday, bouncing from a one-week low hit on Friday, supported by physical buying in Asia, but robust U.S. economic data dented bullion's safe-haven appeal. Automatic spending cuts that kicked off in the United States on Friday, pushing spot gold to its lowest level in more than a week, also continued to weigh. Recent weakness in the global market has triggered physical buying interest in Asia, particularly in China, as the spread between onshore prices and international prices widens, cushioning the fall in dollar-priced...

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Weekly MCX Commodity Market Report

Gold prices extended their fall at the bullion market here on Friday on hectic selling from stockists and investors amid subdued demand as well as lower global cues. Silver also encountered heavy speculative selling pressure and dropped below the Rs 55,000 per kg-level on the back of poor industrial buying. Standard gold of 99.5 per cent purity dropped Rs 110 to close at Rs 29,410 per 10 gm from Thursday's closing level of Rs 29,520. Pure gold of 99.9 per cent purity also dipped by a similar margin to end at Rs 29,545 per 10 gm from Rs 29,655. Silver...

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