CURRENT UPDATE OF COMMODITY MARKET

Commodity market is showing growth in every trend except from silver.  MCX gold is still in profit and going down in spite of going up. MCX gold goes with 15 points plus and trading in 31881 Rs per 10 grams and still moving up. MCX silver lost 88 points and moving up with 0.2 percent and trading in 63210 Rs while crude oil gains 75 points and trading on 5428 Rs.

On the other hand, Aluminium gains 0.5 Rs per kg and trading in 114.55 rupees. Nickel is still same as morning and trading in profit of 4.9 Rs and zinc is trading in 110.5 Rs wit growth of 0.6rupees while gold and copper fell down.

SELL MCX SILVER ABOVE 63160 TAGETS 63110, 63940 AND STOP LOSS 63210.

BUY GOLD OCT ABOVE 31890 TARGETS 31913, 31938 , 31966 STOPLOSS 31847

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COMMODITY MARKET PREDICTION

Commodity market is not responding well while MCX silver gains profit. MCX gold is showing profit of 8 points currently and trading in 31915 Rs per 10 grams. In future market gold 11 September contract is trading in 31,917 Rs per 10 gm with growth of 7 points and 0.2 percent change and in 29 September contract gold is trading 25601 Rs with 28 plus points.

Currently MCX silver gains 55 points on 64035 Rs per kg.  Silver September contract is trading in 64000 Rs gained 20 points with 0.3 percent change today but in November silver is trading in 64003 Rs with 11 points profit. Natural Gas is trading in 157.40 Rs with 5.4 points profit in September future contract.

Although Aluminium, Copper, Lead and Zinc are fall down today and trading with loss op points yet Crude oil have profit of 24 points and currently trading in 5350 Rs per gallon and Nickel have also growth of 0.3 points today. MCX Copper rose to its highest level in four months on Monday. 

On the other hand U S Dollar loses 0.06 paisa with 0.12 percents and now has value equal to 55.38 Rupees. But Euro and Pound are growing up against Indian currency. Euro gained 0.15 paisa with 0.20 percent and Pound gained 0.2 paisa with 0.2 percent against Rupees.

TIPS FOR TODAY-

Gold can trade in range of 31,800-32,200 while silver can trade in range of 63,500-64,300.

SURE SHOT CALL-

SEL MCX GOLD OCT BELOW 31900 TAGETS 31885,31870 STOP LOSS 31925

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