COMMODITY MARKET NEWS TODAY

GET FREE TIPS HERE DAILY

Commodity market is continuesly showing slowdown in the marke. At MCX exchange, gold is fell down with -246 points and trading in 31667 rupees per 10 grams and still moving down ward. MCX silver also trading in loss of  338 points and moving to down side with 0.25 percent and trading in 64024 rupees while crude oil lost 18 points and trading in 4999 rupees per gallon currently.

On the other hand, Aluminium loses 0.95 points per kg and trading in 111.95 rupees but Nickel has just loss of 0.7 points and trading in 966 rupees and zinc is not showing any type of changes now and trading in 112.6 rupees while lead has profit of 0.35 rupees in 121.9 rupees per kg.

On the other side, US Dollar lost 0.98 rupees against indian rupees and have value equivalent to 53.40 rupees today and Japanees Yen also lost 0.02 Indian rupees whlie GBP  ahs value 87.0 rupees and EUR 69.60 rupees.

SELL MCX SILVER DECMBER BELOW 64000, TARGETS 63350, 63300 AND STOP LOSS 64100.

SELL MCX GOLD OCTOBER FUTURE CONTRACT AT AROUND 31680  TRAGETS 31665, 31650 AND STOP LOSS 31,700.

Read More

Commodity Market Showing Slowdown Position Today

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.

Read More

Copper Update, MCX Commodity Tips Today

First day of the in this week MCX Copper has slipped more than 2 percent. Copper on the London Metal exchange is trading weakness of the 1.25 percent today.

The decrease of Copper on the international market it also is impact in domestic market today. Current view of MCX Copper is trading down 2.16 percent at Rs 398.8 for June contract, while August contract also it is trading below 2.12 at Rs 403.9 with live rate.  

Copper Tips Today
Sell Copper Jun Below 398.  
Targets- 397,395.5.  
Stop Loss- 400

Read More