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RESEARCH VIA MCX: BUY ZINC ABOVE 127.70 03 MARCH 2014

12:17 AM Unknown 5

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MCX Commodity Market Updates Today 22 March 2013

11:49 PM Anonymous 0

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 6.10 to USD 1,606.70 an ounce and silver by 0.31 per cent to USD 28.82 an ounce.

Lead futures prices today rose by 0.68 per cent to Rs 119 per kg on higher spot demand and positive cues from global markets. At the Multi Commodity Exchange, lead for delivery in March traded 80 paise, or 0.68 per cent higher, at Rs 119 per kg, with a turnover of 2,099 lots. The metal for delivery in April also rose by 75 paise, or 0.67 per cent, to Rs 119.75 per kg in a turnover of 360 lots.

Aluminium prices edged up by 0.53 per cent to Rs 104.60 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas. Strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in March inched up by 55 paise, or 0.53 per cent, to Rs 104.60 per kg in business turnover of 463 lots. Likewise, the metal for delivery in April traded higher marginally by 55 paise, or 0.52 per cent, to Rs 106.30 per kg in 38 lots.

MCX Commodity Updates and Trading Tips Today

1:05 AM Anonymous 3

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 day on bargain buying and as the initial shock over the Cyprus debt deal eased to some extent.

Energy: Domestic crude oil futures were trading higher due to depreciation in rupee against the dollar and tailing mild upward recovery in benchmark contracts on the New York Mercantile Exchange. The upward recovery in NYMEX crude oil futures, however, was restricted, as market is awaiting release of key weekly US oil inventory report on Wednesday.

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 Updates Today 07 March 2013

1:35 AM Anonymous 0

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 over Chinese demand.

Energy: Domestic crude oil futures were trading lower tracking appreciation in rupee against the dollar and also Crude-oil futures added to early declines Wednesday and fell below $90 a barrel after government data showed a biggerthan-expected rise in crude-oil inventories. The Energy Information Administration said crude oil stocks climbed 3.8 million barrels in the week ended March 1, compared with forecasts for a rise of 500,000 barrels. The sharp increase came as refiners unexpectedly cut crude-processing rates in the week by 480,000 barrels a day to their lowest level in nearly two years.

Weekly MCX Commodity Market Report

11:35 PM Anonymous 1

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.

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

At the global front, gold declined further on strong dollar and a series of buoyant US economic data lowering the yellow metal's safe haven appeal.

Copper prices fell further by Rs 2 per kg on the local non-ferrous metal market today owing to fall in industrial demand and reports of a weak global trend.

The following are metal rates per kg: Zinc ingot 121-127, nickel plate (4x4) 1,067-1,070, gun metal scrap 227, bell metal scrap 229, copper mixed scrap 441, chadri deshi 285.

Lead ingot 147, lead imported 145, aluminium ingots 138, sheet cutting 139, aluminium wire scrap 142 and aluminium utensils scrap 138.

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.