mcx gold tips, mcx silver tips, copper updates, crude updates, ncdex tips

Showing posts with label AGRI TIPS TODAY. Show all posts

Commodity Market Update News 15 May 2013

5:38 AM Anonymous 2

Gold prices fell by Rs 326 to Rs 26,929 per 10 gm in futures trade today as speculators trimmed their positions, tracking a weak global trend. However, token buying by retailers in the spot markets on The auspicious occasion of "Akshya Tritya" restricted the losses.At the Multi Commodity Exchange, gold for delivery in August fell by Rs 326, or 1.20 per cent, to Rs 26,929 per 10 gm in business turnover of 973 lots.

Similarly, the yellow metal for delivery in the Junecontract lost Rs 296, or 1.10 per cent, to Rs 26,703 per 10 gm in 22,500 lots.racking a weak global trend, silver prices traded lower by 0.76 per cent to Rs 44,940 per kg in futures trade today as speculators offloaded their positions. At the Multi Commodity Exchange, silver for delivery in July fell by Rs 346, or 0.76 per cent, to Rs 44,940 per kg in business turnover of 17,291 lots.

Similarly, the white metal for delivery in September contract declined by Rs 335, or 0.73 per cent, to Rs 45,608 per kg in 469 lots.

Daily Buzz Of Commodity Market 10/04/2013

12:01 AM Unknown 1

Precious Metals
D A I L Y B U Z Z
Gold eased at the domestic bullion market today on further selling from stockists and investors
and subdued retail buying, mainly influenced by bearish global trend.

Silver ended stable amidst thin activity. Standard gold of 99.5 per cent purity fell by Rs 100 to
finish at Rs 29,300 per 10 grams from Monday's closing level of Rs 29,400.

Pure gold of 99.9 per cent purity also slid by a similar margin to conclude at Rs 29,450 per 10
grams from Rs 29,550.

Silver ready (.999 fineness) quoted steady at its previous level of Rs 52,500 per kilo.

Base Metals & Energy
D A I L Y B U Z Z
Brent crude futures rose above $105 per barrel on Tuesday after data showed China's inflation
in March was slower than expected, giving its central bank room to keep monetary policy easy
and supportive of oil demand in the world's second-biggest consumer.

Oil prices were also underpinned by worries over increasing tension in North Korea and a
stalemate in talks between Iran and Western nations.

Front-month Brent futures rose 55 cents to $105.21 per barrel by 0445 GMT, after moving in a
$2-range and finishing 0.5 percent higher in a choppy session on Monday.

U.S. crude futures rose 31 cents to $93.67 per barrel.

Agro Outlook
D A I L Y B U Z Z
Chilli prices moved down by 2.49 per cent to Rs 6,200 per quintal in futures market today as speculators reduced their holdings due to weak demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, chilli for delivery in April moved down by Rs 158, or 2.49 per cent to Rs 6,200 per quintal with an open interest of 2,010 lots.

Likewise, the spice for delivery in May traded lower by Rs 128, or 1.89 per cent to Rs 6,632 per quintal in 20,230 lots.

Jeera prices rose by Rs 40 to Rs 13,677.50 per quintal in futures market today as speculators enlarged their positions, driven by pick up in exports demand. .

MCX Market Data ~ Commodity Updates Today 01 April 2013

2:26 AM Anonymous 2

Precious metals prices are trading little changed on COMEX today. We expect a further profit-taking in the prices of bullions on account of a stronger US dollar overseas.

Industrial metals prices are trading lower on international bourses today. We expect a further decline in the prices of metals on account of a property rate tightening measures by China. Selling on rise is recommended for the day.

Crude oil prices are trading marginally lower today. We expect prices to remain under pressure for the day as Exxon Mobile Corp has shut a pipeline which carries 95,000 bpd to US Gulf Coast which would further increase the inventory build-up in the US, already standing at elevated levels.

MCX Commodity Market Report Today 25 March 2013

11:24 PM Anonymous 0

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 offloaded their positions, tracking a weak global trend. At the Multi Commodity Exchange, Silver for delivery in May moved down by Rs 326, or 0.59 per cent to Rs 54,737 per kg in business turnover of 10515 lots. Similarly, the white metal for delivery in July lost Rs 308, or 0.55 per cent to Rs 55,987 per kg in 325 lots.

Copper prices moved up by 0.17 per cent to Rs 417 per kg in futures trade today as speculators enlarged their positions, taking positive cues from overseas markets. At the Multi Commodity Exchange, copper for delivery in April traded higher by 70 paise, or 0.17 per cent to Rs 417 per kg in business turnover of 35813 lots.

Similarly, the metal for delivery in June edged up by 55 paise, 0.13 per cent to Rs 422.65 per kg in 1735 lots. Oil prices were mixed in Asia Friday on fears of a possible default by Cyprus as the European Central Bank said it would halt funding to lenders if a new bailout deal was not found, analysts said.

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

3:33 AM Anonymous 1

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 maintained steady trend at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces in restricted buying activity.

Copper futures prices today fell 0.28 per cent to Rs 426.50 per kg, as speculators trimmed their positions amid a weak trend in the global markets. Besides, rising stockpiles of metal monitored by the London Metal Exchange (LME) also put pressure. At the Multi Commodity Exchange, copper for delivery in April declined by Rs 1.20, or 0.29 per cent, to Rs 426.50 per kg in business turnover of 1,454 lots.

The metal for delivery in June fell by a similar margin to Rs 432.20 per kg in a business volume of 84 lots. Oil prices rose on Friday ahead of the release of US industrial production and manufacturing figures that analysts expect to show an improving economy. At the Multi Commodity Exchange, aluminium for delivery in March declined by 20 paise, or 0.19 per cent, to Rs 105.85 per kg in business turnover of 389 lots.

MCX Commodity Market Updates & Tips Today 12 March 2013

1:10 AM Anonymous 3

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 of the Indian rupee against the US dollar. On the LME, base metals drifted lower after China's weaker-than-expected industrial production and retail sales data.

Energy: Domestic crude oil futures were trading down tracking global cues but a weak rupee against the dollar capped the fall. Prices fell on the New York Mercantile Exchange after economic data out of China disappointed investors, adding that a stronger dollar further dented sentiment.

Weekly MCX Commodity Market Report and Trading Tips

2:26 AM Anonymous 2

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 ready (.999 fineness) slumped Rs 925 to conclude at Rs 54,610 per kg from Rs 55,535 previously.

Nickel prices rose by Rs 1.50 to Rs 909 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand from alloy-maker. Besides, a firm trend in base metals at the London Metal Exchange also influenced prices.

At the Multi Commodity Exchange, Nickel for delivery in March rose by Rs 1.50, or 0.17 per cent, to Rs 909 per kg in business turnover of 1,442 lots. Similarly, the metal prices for delivery in April contracts traded higher by Rs 1.30, or 0.14 per cent, to Rs 916.40 per kg in 117 lots.

Zinc futures prices today edged up by 0.23 percent to Rs 108.90 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions. At the Multi Commodity Exchange, zinc for delivery in April up by 25 paise, or 0.23 per cent, to Rs 108.90 per kg, with a business turnover of 86 lots. The metal for delivery in March also rose marginally by 20 paise, or 0.19 per cent, to Rs 108 per kg in a business volume of 1,406 lots.

MCX Gold, Silver, Copper, Crude Oil Updates Today

11:03 PM Anonymous 2

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 oil prices are trading lower on NYMEX today. We do not fall any major fall in the prices of oil on account of better economic data points in major oil consuming nations. Buying at dips is recommended for the day.

MCX Gold, Silver, Copper, Crude Oil Tips Today 28 Feb. 2013

1:19 AM Anonymous 2

Bullion: Gold futures were down on domestic exchanges noting the rupee's rise against the dollar and the fall in international prices. On the COMEX, gold futures slipped on profit booking. The metal had gained sharply on Tuesday, after US Federal Reserve Chairman Ben Bernanke hinted that the central bank's bond-buying policy will continue.

Metals: Domestic base metal futures were trading lower tracking the strength in the against the US dollar, but rangebound movement in the London Metal Exchange benchmark contract limited the fall. Metal contracts on LME slightly edged up on weak dollar against the euro and as market gained support from positive comments from the US Federal Reserve Chairman Ben Bernanke.

Energy: Domestic crude oil futures were trading lower due to the appreciation in the rupee against the dollar, but rise in benchmark contracts on the New York Mercantile Exchange limited the losses. NYMEX crude oil gained today due to weakness in the dollar against the euro and as sentiment improved in the international market following positive comments from the US Federal Reserve Chairman Ben Bernanke.

MCX Bullion, Metals, Energy Updates and Tips Today

12:18 AM Anonymous 1

Bullion: Gold futures were up on domestic exchanges tracking rise in international prices and due to a weak rupee against the dollar. On COMEX, gold futures rose and surpassed the $1,600 an ounce level as concerns over Italian elections boosted safe-haven demand of the metal. The weakness in the dollar against the euro also supported prices. Spot gold prices moved to trade around $15 higher on the day Tuesday as investors digested comments from Federal Reserve Chairman Ben Bernanke as encouraging for gold-bullish loose monetary policy.

Metals: Base metal futures on MCX were trading lower tracking benchmark contracts on London Metal Exchange, where prices fell on demand concerns from China. Moreover, demand concerns from Eurozone deepened amid uncertainty regarding political instability in Italy.

Energy: Domestic crude oil futures were trading lower following weak cues from the New York Mercantile Exchange, where prices declined due to firm dollar against the euro and on likely rise in the US crude oil stocks. Besides demand concerns from China and Eurozone added to downward pressure on oil futures.