Today's Update for Commodity.

Gold continued downfall on Monday extending its losses from the previous session, positive job dat weakened the sentiment for additional stimulus measure.

Gold importers in India, the world's biggest buyer of bullion, continued to place deals in view of upcoming festivals as prices stayed in the vicinity of their lowest levels in five weeks. for  December delivery on the Multi Commodity Exchange (MCX) was 0.04 percent  higher at INR31,067/10gms. After hitting the low of INR31,128/10gms.

 crude prices remained well near $89 on Monday, global concerns and Europe’s debt crisis is putting pressure on global oil prices with reducing demand for oil globally.

U.S. natural gas futures ended lower in the front-month November contract pressured by Thursday's bearish weekly inventory report and by forecasts for mild mid-month weather that should slow demand.

copper fell more than 1 percent on Monday, giving up last week's gains as the dollar firmed after a surprise drop in the U.S. jobless rate, while  traders eyed data from top consumer China later this week for clues on demand.Benchmark copper on the London Metal Exchange (LME) ended at $8,295 a ton, not far from a close of $8,305 on Thursday.

todays Update:

MCX GOLD

31121.0	Change -46.0	Open 31136.0	High 31169.0	Low 31102.0

INTERNATIONAL GOLD

1,773.20	Change -7.60	Open 1,782.00	High 1,782.50	Low 1,768.20

MCX SILVER

61306.0	Change -494.0	Open 61725.0	High 61725.0	Low 61270.0

INTERNATIONAL CRUDE

111.38	Change -0.64	Open 111.63	High 111.70	Low 111.38

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Commodity Trading Tips for 6th September.

MCX Silver December Contract is looking slightly positive for the day. Market may find support near 61800 & 61300; intraday resistance can be seen near 62500 & 62900.

MCX Copper November contract is looking positive for the day. Market may find support near 432 & 429; intraday resistance can be seen near 437 & 440.

MCX Crude oil October contract is looking slightly positive for the day. Market may find support near 4710 & 4660; intraday resistance can be seen near 4750 & 4800.

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Commodity Updates

Gold today jumped on signs of more demand in India, the biggest buyer for the coming festival and marriage season and a weakening dollar. The precious metal climbed 0.5 per cent to USD 1,786.22 an ounce and silver by 1.1 per cent to USD 34.96 an ounce on expectations the demand from India might pick up for approaching festivals like 'Navratras' and marriage season.

 Copper edged higher on Thursday, helped by a stronger euro on expectations Spain would seek a bailout to rescue its economy, although gains were capped by uncertainty about global growth while trading volumes were low as China remained on holiday. Benchmark copper on the London Metal Exchange (LME)shook off losses from the previous session to rise to $8,318 a tonne at 0917 GMT, up 0.3 percent from Wednesday's close of $8,290.

 Brent crude oil rose towards $109 per barrel on Thursday as expectations Spain would seek a bailout and better US data encouraged investors back into riskier assets such as oil and commodities. US light crude oil for November rose 50 cents to $88.64 a barrel, after dropping to its lowest since Aug. 3 in the previous session.
On Wednesday, Brent dropped 3 percent and US crude lost 4 percent as fears a delayed recovery in China and recession in the euro zone would limit energy demand.

MCX GOLD

31242.0	Change 155.0	Open 31089.0	High 31250.0	Low 31089.0

INTERNATIONAL GOLD

1,794.60	Change -1.90	Open 1,792.60	High 1,798.10	Low 1,792.20

MCX SILVER

62378.0	Change 273.0	Open 62250.0	High 62431.0	Low 62250.0	Times 10/05 11:40

INTERNATIONAL CRUDE

112.11	Change -0.47	Open 112.45	High 112.45	Low 111.82

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Commodity Market News for 4th october 2012

Gold rose on Wednesday, with prices just shy of recent 11 month highs, as investors awaited a US employment report for signs of recovery in the world's biggest economy. 

Spot gold was 0.3 percent higher at $1,778.50 an ounce by 1022 G MT. Trade was thin as China, the world's largest commodity consumer, remained on a week-long holiday. 

 Silver prices moved down by 0.53 per cent to Rs 62,600 per kg in futures trade today after speculators trimmed positions amid negative cues from the global markets. At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 334, or 0.53 per cent, to Rs 62,600 per kg, with a business turnover of 2,419 lots. 

 Crude oil prices fell on Wednesday, as weak data from Europe and China dimmed the outlook for demand, while Europe's festering debt crisis added to the gloom. 

Nickel prices moved down by Rs 6.30, or 0.64 per cent, to Rs 979.90 per kg in futures market today as speculators reduced their positions, taking weak cues from the global markets on economic concerns. Multi Commodity Exchange, nickel for delivery in October declined by Rs 6.30, or 0.64 per cent, to Rs 979.90 per kg, with a business turnover of 5,257 lots. 

MCX GOLD

30940.0	Change -39.0	Open 30962.0	High 30969.0	Low 30862.0

INTERNATIONAL GOLD

1,783.70	Change +3.90	Open 1,780.00	High 1,785.30	Low 1,779.90

MCX SILVER

62387.0	Change 69.0	Open 62344.0	High 62472.0	Low 62289.0

INTERNATIONAL CRUDE

108.50	Change +0.33	Open 108.20	High 108.83	Low 108.02

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Commodity Trading Tips for 4th october 2012

Tracking a weak global trend, Gold prices fell by Rs 72 at Rs 31,343 per 10 grams in the futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 72, or 0.23%, to Rs 31,343 per 10 grams, with a business turnover of 1,499 lots.
October gold lost Rs 32, or 0.10%, to Rs 31,001 per 10 grams, with a business turnover of 125 lots.
Marketmen said speculators offloaded positions amid a weak global trend as retail sales data from Europe may add to signs of economic weakness.
Meanwhile, gold dropped 0.2% to $1,771.35 an ounce in Singapore.


Silver prices moved down by 0.53% to Rs 62,600 per kg in futures trade today after speculators trimmed positions amid negative cues from the global markets.
At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 334, or 0.53%, to Rs 62,600 per kg, with a business turnover of 2,419 lots.
 March silver declined by Rs 329, or 0.51%, to Rs 64,308 per kg in 90 lots.
Marketmen said speculators offloaded positions in line with a weak global trend ahead of data that may add to signs of economic weakness in Europe.
Silver traded a shade lower at $34.29 an ounce in Singapore.

Crude palm oil prices tumbled 4% to hit lower circuit at Rs 407.20 per 10 kg in futures trade today after participants offloaded their positions amid a weak trend overseas.
Subdued demand at the spot markets put pressure on the prices.
 The crude palm oil for delivery in October fell sharply by Rs 17, or 4.01%, to hit lower circuit at Rs 407.20 per 10 kg at the Multi Commodity Exchange, with a business turnover of 93 lots.
The November contract fell by a similar margin to hit a lower circuit at Rs 409.10 per 10 kg, with a business volume of 291 lots.
Trading sentiment remained bearish largely in line with a weak trend overseas.

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Commodity News for 3rd October 2012.

Bullion: Gold futures on domestic exchanges fell to a one-month low as the strong rupee against the dollar and weak COMEX futures weighed on prices. On COMEX, the precious metal fell on profit booking, after touching a six-month high last week. The metal recovered some of its early losses as the dollar weakened against the euro. 

Energy: Crude oil futures were trading lower on the MCX tracking fall in benchmark contracts on the New York Mercantile Exchange and appreciation in rupee against the dollar. NYMEX crude oil futures traded weak on Eurozone debt concerns, which raised worry regarding oil demand from the region. 

Metals: Base metals were trading lower on the MCX tracking parent contracts on the London Metal Exchange, where prices eased due to concerns over demand from China and firm rupee against  the dollar. Sentiment in the global market remained weak today following release of discouraging manufacturing data from China. 

Commodity News

THOMSON REUTERS/JEFFERIES CRB INDEX(TR/J CRB)

309.30	Change +0.00	Open 0.00	High 0.00	Low 0.00

THOMSON REUTERS EQUAL WEIGHT CONTINUOUS COMMODITY INDEX (CCI)

587.50	Change +2.07	Open 587.09	High 587.75	Low 585.42

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Weekly MCX Commodity Market Updates

Bullions: 

On the domestic counter Gold can trade in range of 31,000-32,000 and silver in range of 61,500-64,800 in MCX. 

Energy:

Crude oil can trade in the range of 4,650-5,000 in MCX. 

Base Metals:

Copper prices can trade in range of 428-453 in near term. Lead can move in the range of 117-124 while zinc in range of 108-112. Nickel prices can trade in the range of 940-990 in MCX.

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