After showing slowdown in the market, monsoon got momentum
yesterday, but today market showing slow down again. MCX market got fluctuates and
Commodities are having variation. MCX gold has been doing well while MCX silver
commodity is showing lower prices in the market. Today MCX gold showing good
profit and trading on 31487 Rs/ 10gm with gain of 38 points, but silver were showing
lower prices and heavy loss of -243 points 60363 Rs/kg.
Ashok Mittal says
“Gold has
been doing well over the last few sessions in an interview to CNBC.” But “In the domestic market, the upside moment
in gold should be much higher because when the prices are higher in the
international markets, rupee is also weakening.”
While Aluminium is play with
minimal profit of 0.3 points on 107.85 Rs/kg and Crude Oil were trading with 4
points profit at 5318 price. Lead and Zinc also have satisfying market price
but not enough and they were trading with 0.35 and 0.25 points on prices of
111and 104.25 Rs. but Copper and Nickel were trading in loss of 0.35 and 2.9
points.
On the other hand, In future market, MCX Gold showing
positive results and gain 13 points and trading at 25177 Rs in 29 Sept. 12 contract
and in 05Ooct. 12 contracts, Gold is showing higher and gain 23 points. MCX Gold
mini (Oct. contracts) gained 22 points and trading with 31481 Rs /10gm. But MCX
Silver (in Nov. contract) showing bearish and lost 270 points and currently
trading in 61768 Rs/kg and lost 262 points on price 61759 Rs in Dec. contract.
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