GOLD AND SILVER MARKET TREND

After showing a huge slowdown in market, Commodities have better position today for trader. This time is to be happy for traders because today commodities are in big profit. MCX Gold and Silver are showing good momentum. MCX Gold Is reaching at new record and currently trading at 31782 Rupees per 10 grams with 314 points profit. And in spot market price of gold has gone beyond Rs 31,850. Today Gold is 6 month high ahead of ECB meeting. In future market, gold gains 1.02 per cent and currently trading in Rs 31,790.00 with 322 points in 5 Oct 12 Contracts.

However gold seems sluggish due to weakening of the euro against the dollar in today's business and also the U.S. economic figures are even worse because of the pressure on gold on Tuesday and in August the U.S. manufacturing figures are the lowest in 3 years.

According to Nirmal Jain, chairman of India Infoline makes sense to invest in gold.

The MCX Silver is approaching record levels of 7 months. MCX Silver is currently trading in Rs 63139 with profit of 1257 points. Currently Silver Futures are gained 2.16 percent and trading in Rs 63,217.00 with profit of 1,335 points. The USD Dollar rally was stopped because silver is currently booming and the fluctuation in MCX Copper seems continue.

MCX Crude Oil in trading in profit and in slow in Business because of week manufacturing process data. MCX Crude Oil Future gains 1.11 percent in sep. contract and nickel sep gains 1.3 percent while natural gas loses 0.19 percent in sep future but menthaoil gains 0.35 percent in sep. future contracts.

TIPS FOR TODAY:

BUY ZINC AUG ABOVE 105.5 TARGETS 106 , 106.5 , 107 STOPLOSS 104.6 

BUY MENTHA OIL SEP ABOVE 1364 TARGETS 1367 , 1370 , 1374 STOPLOSS 1358

BUY SILVER DEC ABOVE 63100 TARGETS 63165 , 63250 , 63350 STOPLOSS 62973

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COMMODITY MARKET EVENING UPDATE

 In the evening MCX and NCDEX commodities are fluctuated badly.  while MCX Gold have continue in profit. MCX Gold is trading with 55 points profit on 31505 and silver is trading in loss oh -81 points on Rs 60550. Crude Oil is lost 22 points and trading on 5291Rs/gallon. Aluminium gains 1.25 on 108.8rs. And copper gains 6.85 points now and currently traded with price 436.4. Lead, Nickel and Zinc also gains profit and trading in profit.    

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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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.

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Commodity market news update

In the evening some of commodities go down while silver gain more points and gold is also play in profit. MCX gold gains heavy profit of 179 points and plays on 31462 and silver is traded on 60132 with profit of 413 points. Aluminium gains 1.35 points on 107.75 and copper gains 0.5 points right now and crude oil lose 61 points and traded on 5329 currently.

SELL SILVER 61825 TGT 61511 AND 61251 SL 62031

Chart Of MCX Commodities

Aluminium	107.75	1.35
Copper	429.4	-0.25
Crude Oil	5329	-61
Gold	31462	179
Lead	111	0.85
Nickel	899.7	-4.6
Silver	60132	413
Zinc	104.4	1

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COMMODITY GOLD AND SILVER GROW UP

In domestic market, commodity market rise up after one week and now all trades are showing positively and gaining profit today. MCX Gold gain 72 points and currently traded on Rs 31355 per 10gm. While silver gain heavy profit of 331 points and traded on 60050. On the other side, other commodities are in favor of profit and gaining points. Currently Aluminium and Copper are traded on 107.3 and 429.9 with 0.9 and 0.25 points gained. And other commodities like crude oil, Nickel, Lead and Zinc are also in profit and traded on 5400, 906.7, 111 and 104.1 with 10, 2.4, 0.85 and 0.7 points gained respectively.

On the other hand MCX GOLD future is traded on 31318 with 110 points profit in September contract and in October contract; MCX GOLD is traded 31376 Rs/10gm with 97 points profit. While MCX silver future, in September contract, is traded with 411 points profit & currently traded on 60130 Rs/kg and in December contract, traded on 61773 Rs/kg with 411 points gained profit. 

BUY MCX Silver with in September future Contract above 60030, targets 60080, 60130 and Stop Loss 59955.

Sell Gold below 31340 targets 31325, 31310 Stop Loss 31360

Buy Crude@ 5400-5405 sell below-5380 Targets- 5420, 5430, 5440

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COMMODITY MARKET NEWS UPDATE AND TIPS

In the domestic market, MCX commodity market has grown up and record a little profit in precious metal prices.  MCX Silver is gained 112 points and traded on Rs. 59121. While Gold is going down and having loss of 76 points and traded on 31268 and crude oil is traded now on 5352 per gallon with loss of 27 points. MCX silver in September future is gained 81 points on Rs 59090 and in December future lot in silver is taded on 60740 RS/kg with net gained profit of 414 points.

While MCX Gold is traded on 31193 with loss of 68 points in September trade and 31268 with loss of 70 points in October trade. In December trade, Gold has no loss and gain and traded on 29945 today.

On the other hand Aluminium gained 0.8 points and currently traded on 105.7 and Copper is traded on 429.1 Rs with gaining 2.1 points growth or profit.

Lead, Nickel and Zinc are traded on 109.9, 905.3, 103.25 Rs respectively and gained 0.95, 9.3 and 1.1 points growth.

SELL GOLD ARROUND 30940-30970 SL 31180 TGT 30400-29900

MCX GOLD     31000 TO 30750 AND MCX SILVER   57750 TO 57200

(40000/LOT AND +4LAKH/10 LOT PROFIT IN GOLD+SILVER TODAY )

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COMMODITY MARKET OUTLOOK

After one week, Precious metals are trading with a little changed today. While Gold, Silver and Crude Oil are in the bearish mode but other commodities traded in profit. today gold is traded under record level. Silver traded with loss of 70 points on 58939/kg, while Gold is traded below from record level with loss of -134 points 31208/ 10 gm. Energy commodity Crude oil is record heavy loss of 31 points and traded on Rs 5348 currently.

As Aluminium is traded on 105.5 Rs with profit of 0.6 points and Copper gained 2.45 points and traded on Rs. 429.7.  While Lead, Nickel and Zinc are traded in minor profit 0.9, 10, 1.45 on Rs. 109.8, 906.6, 103.35 respectively.

MCX Gold future is decline 124 points and currently traded 31218 Rs in October future, in Sep future Gold is record loss of -95 points and traded on 31166 and Silver is decline 27 points  and LTP is 58982 Rs.

Sell crude oil September below 5355 Sell 5390 Target 5335, 5324

COPPER INTER DAY BUY 429.20 429.40 TG 430.60 431.30 431.80 432.70 SL 427.50

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