Gold and Silver Update

Silver prices may rise in the second half of 2012 and 2013. The German bank revised its average forecasts of $33.50 an ounce for 2012 and $41.70/oz for 2013. Silver today fell by Rs 100 to Rs 53,000 per kg due to reduced off take at prevailing levels. The silver  had gained Rs 800 in last four trading sessions. Silver coins price remain stable at Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.
On Monday trading spot gold is already up at $1623 an ounce after posting a weekly gain of 2.5%.In India October Gold closed sharply higher on Saturday and support levels at 30,025, 29,780 and resistance levels at 30,390 and 30630. Physical gold demand in the Asian region, the price of precious metal is hope to be higher in the festival time and it must be result in increase in gold and silver price. gold prices rose by Rs 42 to Rs 30,215 per 10 gm in futures trade today.
Spot gold jumped 1.5 per cent to a three-week high of $1,609.91 an ounce in the previous session, "There is no buying as prices are very high and liquidity is very tight," said Hirachand Gulecha.

 Gold bar premiums in Singapore were steady at 80 cents an ounce above London prices, In Hong Kong, the price is higher which causes less buyer and premiums were little changed in the range of $1 to $1.50 an ounce.

silver above 53350 on the upside in next trading session.

  Buy silver above 53350 on the upside in next trading session.

‎  and sell Sell gold below 2974.0

  and sell gold below 29740

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NCDEX MCX UPDATES AND CALLS

Sugar price in Indian market continuously rising because many cause pushing it’s price like increasing demand during festival season and lower production since Weak monsoon reducing the acreage of sugarcane and upcoming wedding season.   

    NCDEX SUGAR IN AUG Trading at 3340 Rs/Qui. up 15rs. To previous close, IN SEP Trading 3385 Rs/Qui.   Up 10. At 12.24 PM.

Coriander prices in Indian market also rising from last few weeks due to further region tight supply in spot market of it, rise in export demand and week monsoon are pushing it’s price.

NCDEX Coriander IN AUG Future Trading at 4722 Rs/Qui. Up 79 it made high till 4792. And in SEP Future it trading at 4849 up 60 It made high 4933.

JEERA is also rising from starting of these week the globally impact rising it price in Indian market Lower production in Turkey and Syria could support Indian rates. Low rains in Gujarat and Rajasthan could have a long term Bullish impact on the prices. Week monsoon will increase it’s price more.

NCDEX JEERA IN AUG Future trading at 16390 up 152.5 today high 16520, In SEP Trading at 16855 up 172.5 today high 16970 till 2.34PM. Buy Jeera in Aug at 16400 Target In between 16455-16480.

NCDEX Castor sed August contract traded Rs.4325 per quintal up 68 at 2.46PM, IN SEP it trading at 4427 up 70 since the Indian food production will lower in future the many NCDEX Instruments prices will rise in Future.

In MCX Bullion metal prices rich on a good level because festival session robust these prices in Indian market and the increase demand of jewelry in physical market also pushing up it’s prices in physical market, silver got well improve from last 4 days it moves nearly 1100rs in these days these time to buy silver because it’s prices will rise in festival season. Buy Silver 53300 Target 53600 Sl 52800 in Aug Future.  with them all base metal are also trading with green signal and these time copper is best for trade. 

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MCX updates, Commodity news, Today’s Top gainers and losers at MCX

Crude oil future was trading marginally lower in domestic market on Wednesday. A deepening slowdown in American manufacturing also deemed the demand outlook of fuel.

Thursday at MCX Crude oil 14 Aug 2012 contract price up o.45%, Last traded price Rs 5831(+26). Crude oil 20 Aug 2012 contract last traded price Rs 4967(+21), change 0.42%.

Gold price reversed its previous day’s gain; falling 0.08%. At MCX Gold 04 Aug 2012 contract last traded price Rs 29822 downs Rs13. Silver falls 137Rs last traded at Rs 53345.

Copper price fell by 0.29% due to struggling US real-estate market which in turn reduced demand of Copper, as it used in electrical wiring and plumbing. At MCX copper futures for Aug 2012 contract were trading Rs 419.55 per Kg down by 0.29%.

MCX top gainers are:

Potato Contract Expiry date 15 Oct 2012 last traded at Rs 1200 up Rs10.1, changes 0.85%.

Gold Contract Expiry date 31 Aug 2012 last traded at Rs 3150 unit 1 gram up Rs15, changes 0.48%.

Menthol Oil Contract Expiry date 31 Aug 2012 last traded at Rs 1364 unit 1 Kg up Rs 6.1, changes 0.45%.

Silver Contract Expiry date 05 Mar 2013 last traded at Rs 56580 unit 1 Kg up Rs 226, changes 0.4%.

Crude oil Contract Expiry date 20 Aug 2012 last traded at Rs 4964 unit 1 BBL up Rs 18, changes 0.36%.

MCX top losers are:

kapas Contract Expiry date 30 Mar 2013 last traded at Rs 1104 unit 20 Kg down Rs13.8, changes -1.23%.

cotton Contract Expiry date 31 Aug 2012 last traded at Rs 18180 unit 1 Bales down Rs200, changes -1.09%.

cardmom Contract Expiry date 15 Oct 2012 last traded at Rs 1339, unit 1 Kg down Rs 25, changes -1.83%.

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Agri commodity updates, NCDEX and MCX News, Gold and Silver news, Commodity tips

Northwest and central India is the important Cotton growing region of India. Government of India alarmed about lack of rainfall in 6 cotton growing states include Gujrat, Maharashtra, Rajasthan, Punjab, Harayana, and Karnataka. According to report, Gujrat the no. one cotton growing state of India, only 35% of land sown till date and if Mansoon fails in August, Crop production condition will be sever.

Union Agriculture Minister Sharad Pawar saying that, Government will take a look at unrestricted export of Cotton, Wheat and other crop in August if Mansoon fails.

At NCDEX Cotton seed Oil cake Akola trading down today, contract of 17 AUG 2012 expiry date traded at 1641.00 Rs show change of -2.61%.

Turmeric Future index edge may higher on Monday, At NCDEX turmeric 17 Aug 2012 traded at 6118.00 Rs change 3.27%. Exports demand pushes up NCDEX castor seed. 

MCX crude oil futures in MCX fell on Monday due to weak export demand along with higher production concerns in next crop year. Crude oil 20 Aug 2012 traded at 5,025.00 changes at -1.34%.

A divergent trend seen in bullion market, Gold 04 Aug 2012 gain 0.20% traded at 29,336.00Rs while silver 05 Sep 2012 slips -0.25% traded at 52,712Rs due to poor demand. Silver Coins also declined by Rs 1000 to Rs 61000 for buying and Rs 62000 for selling of 1000 pieces.

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Commodity news| Agri, Bullion, crude oil, Base Metal updates| MCX NCDEX Price

Increased price of soyabean, soya oil, rapeseed, Mustard seed, Chana and potato alarmed Forward market commission (FMC) of India. FMC initiates a step to check and prevent speculation in Agri commodities.FMC keeping eye on price movement of five AGRI commodities.

Source said the price of five Agri commodities have been raising in last few months on account of supportive fundamentals in domestic and international markets. On March 2012 FMC has banned future trading of Guar, gum and guar seed to hold price rise. Prices of guar seed have been rising since November and had gain 500% excess in March 2012.      

Government officials concede that there is some pressure on pulses such as tuar and moong but overall situation is not critical, stocks of wheat and rice are comfortable.

At NCDEX, Chana 17-AUG-2012 expiry date last trading price Rs 4746.00 with 0.94% gain, Soyabean of 19-OCT-2012 expiry date contract traded at Rs 3958.00 with 1.44% gain, Potato 17-AUG -2012, trades at 1246.00 with   -1.06 loss, Refined soya oil 20-SEP-2012 contract traded on Rs 802.00 with 0.25% gain, Rapeseed-Mustard seed 17-AUG -2012 contract traded at Rs 4631.00 with 0.47% gain.

Gold prices witnessed great fluctuation during this month. Amid a weakening trend overseas, gold prices fell marginally by Rs 77 to Rs 29,212 per 10 grams in futures trade on Wednesday as speculators trimmed positions.

 At the Multi Commodity Exchange, gold for delivery in August traded marginally lower by Rs 77, or 0.26 per cent, to Rs 29,212 per 10 grams, with a business turnover of 3,358 lots.

At MCX Base metals copper, Nickel, and zinc downs slightly. Copper 31 AUG 2012 traded at

Rs 424.35 with 0.21% loss, Nickel 31 JUL 2012 traded at 893.40 with 0.09% loss, Zinc  31 JUL 2012 traded at 103.55 with 0.24% loss.

Crude oil prices are expected to remain bullish in near future, analyst said MCX crude will have an upward trend in July. At MCX crude 19 JUL 2012 contract traded at Rs 4913.00 shows 1.93% gain.  

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Intraday Silver tips for 28 May

Silver Tips:
A weaker Rupee is expected to support upside in silver prices in India, although prices in the international
markets are expected to trade lower


Copper Tips:
Downside pressure in copper is expected to persist in the global markets as economic concerns heighten. Any negative news regarding Euro Zone could add pressure on copper prices this week.

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MCX Gold Tips>MCX Blog News,Updates and Trend for Today.

Blog updates (27 Jan 12):-Today MCX Commodity opened high moment in domestic market. It is top position in this weak.Today MCX Gold opened at Rs-27,580 and its highest touched at Rs-28,084 while MCX Silver opened at Rs-56,573 and its highest touched at Rs-57,280 in domestic market.

MCX Metals also fast trend for today. All metals apart from aluminum on MCX is trading at a huge edge. Nickel gained almost 1.5 percent, while leaping more than 1 percent of lead. The copper and zinc is trading at about one percent.

MCX Gold Silver Trend

Gold (Feb):Trend Consolidate,Stretegy Buy on Dips and its Resistance 27896-28062 with support 27402-27372.

Silver (Mar):-Trend-Consolidate,Stretegy Buy on dips and its Resistence-56811-57658 with support 55516-54802.

Gold Tips:-Sell Gold Feb below 27850 with targets 27827 and second target 27774and its Stop loss 27893.

          Click>>>MCX Gold Tips

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Commodity Market Updates>Energy Tips

Updates (23 jan 2012):-Commodity Gold and silver show boom for today .MCX Gold is trading at Rs-27580 in domestic market while silver also fast moment for today it is trading at Rs-56310 in domestic market.

According research analyst MCX Gold future in India on Monday are expected to previous session’s gains tracking the go up in overseas market and a steady rupee said.

Now we talk to commodity base metal, it is nothing special moment .MCX copper nothing moment in previous session but now it is going up slowly.

MCX Top Gainers for Today:-Gold,Silver and Mentha Oil.

Crude Oil Tips:-Sell Crude Oil Feb Below 4955 with Target 4940 and second Target 4925 and its stop loss 4985. 

-----àGold Silver Tipsß----

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