Follow the Commodity News for 29th sept.

Gold importers in India, the world's biggest consumer, stepped up purchases in small quantities ahead of major festivals as prices hovered near their lowest in three weeks, weighed by a stronger rupee.            At 0842 GMT, the most-active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.36 percent down at 31,236 rupees per 10 grams, after hitting a low of 31,218 rupees, nearing a level last seen in early September.           Gold prices have fallen due to the sharp...

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Weekly Commodity News : from 24-28 sept.

MCX GOLD Technical Trend      MCX GOLD on its weekly chart forms an upward channel pattern and last week gave closing below the upper band of channel, now some correction is expected below 31450 and may find next support around 31150. On other hand if it gives closing above 31750 than this bull rally continuous and may break resistance level of 32100 above this we expect it makes new highs. Strategy Better strategy in the MCX GOLD is to sell below 31450. For the target of 31100, with stop loss of 31850. MCX SILVER Technical...

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Today's Commodity Updates 27th sept.

Gold importers in India, the world's biggest buyer, stayed away from fresh deals for a second straight day as prices recovered partly from their lowest level in more than two weeks due to a weaker rupee, offseting slightly weaker global markets.        Gold declined by Rs 10 to Rs 32,100 per 10 grams in the bullion market here today, while silver lost Rs 100 to Rs 60,600 per kg on poor offtake amid a weak global trend.  ...

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Today Commodity trading tips,26 sept.

MCX NCDEX tips, Free Commodity tips, Copper update, Gold Silver tips, NCDEX tips, Today trading tips. Today Commodity market news, in the international market came despite weakness in the domestic market is seeing strong in gold and silver. Continues increasing decline in rupee against the dollar in the domestic market has support in gold and silver. COMEX gold is 0.20 and silver slipped 0.1 per cent. Silver has makes the next favorite metals for analysts. Indian market awaited festival season has already begun. The festival silver demand is...

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26th Sept. Today's Update for Bullions, Base-Metals and Energy .

•  Bullions  Gold futures held onto modest gains Tuesday following reports of increased bullion purchases by central banks. The central banks of Turkey, Russia, South Korea and Kazakhstan increased their gold reserves in July. The latest IMF data showed South Korea increased its holdings of gold by nearly 16 tonnes in July, along with Paraguay, which raised its reserves in July from a few thousand ounces to more than 8 tonnes,...

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Tips for Today

Go for Sell in MCX Gold around 31400 levels with a stop loss placed above 31750 levels for targets of 30960 and 30620 levels. Go For sell in MCX Silver around 62450 levels with a stop loss placed above 63100 levels for targets of 61350 and 60130 levels. MCX Crude Oil Live Updates:- MCX Crude oil is trading on the downside in the domestic commodity market MCX. NYMEX crude oil prices on the international market has fallen to $ 92. Brent Crude oil is also seeing a selling pressure which in turn has impacted the crude oil in the domestic market....

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"Overall commodity market trend for 25th sept" by Merits

As the Gold price was on the one hand boosted by more central bank stimulus actions around the world and on the other hand it got hampered by weaker economic data out of Europe, China and Japan which caused the US dollar to strengthen. Crude oil continues to decline, even with additional stimulus offered by the Bank of Japan last week. Earlier Crude oil rose after the announcement only to decline again. Falling global production and manufacturing continues to plague the economies around the world MCX Gold is in bullish trend and consolidating...

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Commodity Trading Tips For 24 Sept.

On 24th sept. – International markets weakness and strong Rupee against Dollar has also put pressure on Gold – Silver as well as on Crude Oil prices.Recovery to start in stock markets (from 12.30 HRS IST which should continue till 20.45 HRS IST). Again a downward trend is expected from 20.45 to continue till 25-26th September. Again recovery to start from lower level from 27th September.          Bull run to start from 28th September 2012. Next week is going to be very bullish. Tonight, you must short S&P, EUR/USD...

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Commodity Market In India

 What is Commodity : A short description.      A physical substance such as food, grains, and metals, which is interchangeable with another product of the same type, and which investors buy or sell, usually through future contracts. The price of the commodity is subject to supply and demand. Risk is actually the reason exchange trading of the basic agricultural products began. How It Works:       More generally, a product...

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