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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POOR MONSOON ARISING NCDEX INSTRUMENT PRICES

Commodity trading, gold silver tips, NCDEX tips, Agri Sugar Chana tips   

NCDEX Sugar update
Sugar touched record production 26 million tons in 2011-12 but after that it’s price raised in India as well as global market. It’s Main reason is the poor monsoon in india and the south Asia. Lower arrivals from Brazil is also a cause of it, In Brazil due to rain shipment is going to difficult, so the export of sugar from brazil has desist at last 15 days. Which is rising sugar price in global market. In Indian market sugar surged to a record heights on Monday, 23rd July to Rs 3600 per qtl.

NCDEX Chana update for future
NCDEX Chana is also rising continuously due to lower production, tight supply and the large demand in the domestic market of ahead of festive season. It’s price may regular high because in the season lower rain decreased plantation of kharif pulses it planted 20.54 Lakh hectare area, which is decline from the previous year and chana production is also decreased from the last year.

Chilli Future tips
Chilli Future prices regain today it’s production will also reduce in future because Acreage of chilli decline in Andhra Pradesh at this july. IN Asia crop in Pakistan may be affected by adverse weather condition. In recent week soya been prices rose high in NCDEX and turmeric prices also rose frequently it got the circuit due to increase in price.


NCDEX Turmeric Pulses tips 
Now In NCDEX turmeric traded at 6098 in Aug Future up 76. In Sep 6290 up 86. India produces nearly18 million tons of pulses every year and consumes approx 21 million tons. The country imports around 3 million tons to meet the domestic demand. While, the rainfall affecting the output of pulses, making way for more imports. With the depreciating rupee against dollar, the imports of the commodity turns costly. indian ministry may provide subside on pulses to curb prices.

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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 MARKET NEWS

GOLD, SILVER AND CRUDE OIL UPDATE

 

Slack in the international market in gold, while silver is trading with a slight decline as 2 points. Comaks gold is dull at $ 1,582 with the business. $ 27 per ounce, while silver is a slight break. With flat gold traded in the domestic market on Thursday closed at Rs 29 152, while silver closed on Thursday at Rs 52 694, with lethargy but today mcx gold gain 68 points and mcx silver is gain 15 points.

Naimaks crude oil is trading with nearly half per cent, although prices have come on 92 dollars a barrel. At the MCX, crude oil, on Thursday, with 2.5 per cent to Rs 5,126 but today it is down by 28 points on 5,126 and came on 5099.

Copper is trading with 0.30 percent weakness on the London Metal Exchange. 1.23 per cent copper in the domestic market on Thursday and closed at Rs 430. In the domestic market, copper gain 1.23percent on Thursday and closed at 430 but today it lose 3.15 points and stay at 427.7 Rs.

 

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commodity news

Gold prices rose by 0.10 per cent to Rs 29,187 per 10 gm in futures trade today, For the first six months of 2012, gold futures trading volumes rose to 23.74 mn contracts showing a growth of 2.5%.

Gold sell below 29220 sl at 29275 tgt 29198,29156  

In June 2012, Comex Silver futures have fallen more than 19% on a year-on-year basis to 1.416 mn contracts while gold futures trading volume rose 14% to 3.479 mn. Today Silver prices touched intra-day high of $27.62/oz and are trading around $27.44/oz . In the Indian markets prices increased by 0.5 percent

 silver sell below 52869 sl above 53039 tgt 52780,52655  sell in range

Oil rose above $90 a barrel in Asia for the first time since May .

Crude oil

CRUDE OIL SELL ONLY BELOW 5002 SL ABOVE 5041 TGT 4984,4955

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