Showing posts with label commodity news. Show all posts
Showing posts with label commodity news. Show all posts

Wednesday, 26 December 2012

MCX News For 26th Dec. 2012


BULLION : Gold futures prices today fell by 0.40 per cent to to Rs 30,732 per 10 gm as speculators reduced their positions, taking weak cues from the global market.
        At the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 122, or 0.40 per cent, to Rs 30,732 per 10 gm in a business turnover of 1,569 lots.

METAL :  In range-bound movements, copper futures traded a shade higher today largely on the back of pick up in spot demand.
        At the Multi Commodity Exchange, copper for delivery in April rose by 35 paise, or 0.08 per cent to Rs 441 per kg in a turnover of 99 lots.

 Nickel futures prices fell by 0.41 per cent today after speculators reduced their positions at prevailing level in the absence of cues from the global markets amid approaching expiry.
        At the Multi Commodity Exchange, nickel for delivery in January traded Rs 3.90, or 0.41 per cent lower at Rs 953.20 per kg, with a business turnover of 152 lots.

ENERGY :  Oil prices were up in post-Christmas Asian trade Wednesday as traders warily eyed the soon-to-resume US budget talks on a deal to avert the fiscal cliff, analysts said.

Monday, 12 November 2012

Happy Diwali :Commodity Market News For Today 12th nov. 2012


The Multi Commodity Exchange (MCX) COMDEX opened negative after a fall of 0.04% on Saturday.
It is currently trading lower by 5.15 points, or 0.14%, at 3,699.01 at 10.01 a.m. after opening at 3,703.99.

Other index like MCX Metal is trading upward by 0.49 points, or 0.01%, at 5,212.52 after opening at 5,211.58.

MCX Agri is trading down by 22.98 points, or 1.05%, at 2,160.98 after opening at 2,162.94.

Meanwhile MCX Energy is trading down by 2.42 points, or 0.07%, at 3,324.40 after opening at 3,326.20.

Thursday, 11 October 2012

Commodity Current Market News for 11th oct 12

Current Market

MCX Gold - current mkt price- 31464.0
Today it opens at 31457.0
Goes as High as 31511.0 and Low as 31432.0

INTERNATIONAL GOLD - current mkt price - 1765.90 
Today it opens at 1767.30
Goes as High as 31511.0 and Low as 1760.20

MCX SILVER - current mkt price -62143.0
Today it opens at 62161.0
Goes as High as 62328.0 and Low as 62101.0

INTERNATIONAL CRUDE - current mkt price -113.58
Today it opens at 113.56
Goes as High as 113.76 and Low as 113.26

Thursday, 27 September 2012

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.
      Traders said sluggish demand at prevailing higher levels amid a weak trend in overseas market led to a decline in prices of both the precious metals.

Silver ready declined by Rs 100 to Rs 60,600 per kg and weekly-based delivery by Rs 135 to Rs 62,450 per kg. The white metal had climbed by Rs 300 in the previous session.
    Silver coins remained steady at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.




MCX GOLD

 31241.0
Change
-69.0
Open
31276.0
High
31288.0
Low
31213.0


INTERNATIONAL GOLD

 1,760.10
Change
+6.50
Open
1,756.30
High
1,760.40
Low
1,753.20


MCX SILVER

 62584.0
Change
-72.0
Open
62669.0
High
62669.0
Low
62430.0


INTERNATIONAL CRUDE

 110.39
Change
+0.35
Open
110.17
High
110.42
Low
109.68



Monday, 24 September 2012

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 (for next 2 days). Weekly trading Range of global indices.
         Rupee against Dollar is trading at 53.23. COMEX Gold around 1% Silver about 2% are weak. NYMEX Crude Oil slipped 0.5% and is trading at $ 92.25. LME Copper declined by 0.5%.


Copper Updates Today :- MCX Copper opened down by Rs. 2.5 per kg, at Rs. 442 per kg. Copper supports for the contract are at Rs. 440 and Rs. 438 per kg. Resistance for the contract are at Rs. 444 and 446 per kg.

MCX Gold Updates :- Gold prices witnessed a sell off after breaking the range below 31750 and closed at 31506. We expect a bounce back till 31650 to 31720 whereby prices are expected to witness selling pressure. With appreciation in INR we expect prices to test 31200 -31100 on lower end. Support - 31200 31330 31450 Resistance - 31630 31720 31800.


MCX Silver Updates :- Silver prices are expected to open gap down, we expected prices to test 62000 -61800 on lower end. For intraday if holds 62000 -61800 one can buy with a strict stop loss below 61700. Support - 61800 62500 63200 Resistance - 63500 64000 64450.