MCX GOLD SILVER TIPS FOR TODAY COPPER UPDATE 26 SEPT-12

commodity tips, gold silver tips, base metal tips, crude oil tips, copper updates

Commodity Gold Silver fell down now and having big loss in the market. Gold making huge slow down and going down and silver recorded a huge slowdown currently.

MCX crude oil Nov SELL below 4881-4879-4875 and stop loss 4907
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MCX Gold lost 105 points in the opening price currently and going with 0.2% and trading in 31295 rupees per 10gm. MCX Gold October contract has gained 125 points and currently trading in 31275 while it goes up to 31499 rupees.

MCX Silver just lost 64 points and currently trading 62250 rupees per kg while it has good momentum in trading. MCX Silver in December contracts lost 285 points currently and trading in 62056 rupees per kg and it goes as highest price of today is 62568 rupees.

MCX Crude Oil trading in loss today and it has lost -42 points and currently trading at 4853 rupees per gallon. Crude Oil Oct future is trading at 4853 rupees per BBL with the loss of 42 points while Menthol Oil Oct just gains 3.2 points and trading at 1231.9 rupees per KGS.

Aluminium just loses 0.7 points and copper -3.25 rupees per kg. Lead, Nickel and Zinc are also loses -1.25, -11.6 and 1.5 points in the opening price.

SELL GOLD OCTOBER below 31273 target 31250, 31240 Stop Loss 31295

BUY silver Dec 62060, 62070 target 62100, 62110,62130 Stop loss 62000

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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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