Thursday, July 21, 2011

Mcx Tips India

Spot gold, silver traded higher in major Mumbai, Ahmedabad and New Delhi Thursday as some buying emerged after yesterday’s decline. Traders remained dormant amid lack of clear cues. 

In Mumbai, 995- standard gold traded at Rs 23,331 and 999- pure traded at Rs 23,432. In Delhi, 995 quoted at Rs 23,300 and 999 at Rs 23,420 and in Ahmedabad 995 traded at Rs 23,306 and 999 at Rs 23,382. (Prices in per 10 gm)

Silver in Mumbai traded at Rs 59,792, in Delhi at Rs 58,000 and in Ahmedabad at Rs 58,430. (Prices in per kg).
Crude oil continues to trend up. However Naimaks selling pressure on crude oil remains above $ 98. The Brent crude also has come under $ 118.

Base metals are traded on the decline today. On MCX, Copper, including base metals have declined by half a per cent. Zinc is the most has declined. The gold - silver is even today continues to be strong.

Guar has picked up strongly today. Rs 13,500 over August futures on NCDEX guar gum has a new record. The guar seed business in 4300 is over Rs.

Government by 10 million tonnes of non-basmati rice exports have started the application process. The MEP has been fixed at $ 400 a tonne export. Government announces export allocations by July 27. According to notification issued by the DGFT on the basis of first come first served will apply only until Friday as an exporter.

Crude oil is ready to break the $ 100 level. Naimeks sense of the crude oil is approaching $ 100. Greece and the bailout package expected to decline in the dollar got support from crude oil.

Thursday, July 14, 2011

Mcxcommodity Tips Free Trial

Gold surged to hit an all-time high record of Rs 22,028/10 gm (August delivery) during the second half of trading on Multi Commodity Exchange (MCX) Thursday. The winning streak continued in overseas gold as it made fresh high at USD 1,594.55/ oz on safe- haven buying persistent fears over euro zone sovereign debt and the US economy, including renewed speculation the Federal Reserve may be keeping the door open for a third round of quantitative easing.

MCX silver futures shot up to 3.2 per cent during the intra-day on bolstered by global rally in bullion.
MCX gold, most active August contract traded at Rs 23,039/10 gm, up Rs 116 and fluctuated between Rs 23,082- 22,886/10gm. Volume was 48,408 lots. 

Gold mini, most active August contract traded at Rs 22,814/10 gm, up Rs 118 and fluctuated between Rs 22,866- 22,681/10gm. Volume was 45,102 lots.

Most active silver September contract advanced Rs 1,423 at Rs 58,210/kg and so far made intra-day high and low of Rs 58,632- 56,573/kg so far. Volume so far was 93,548 lots.

MCX silver mini most active August contract soared up Rs 1,426 at Rs 58,220/kg and traded between Rs 58,600- 56,550/kg. Volume recorded 159,243 lots.
MCX crude oil July contract traded at Rs 4,329 [+9.00] a barrel. Far month August and September contracts traded at Rs 4,372 [+7.00] and at Rs 4,419 [+9.00] a barrel respectively. 

August crude oil at New York Mercantile Exchange (NYMEX) traded at USD 98.00/barrel, down 0.05.
MCX crude oil July contract traded at Rs 4,344 [-39.00] a barrel. Far month August and September contracts traded at Rs 4,387 [-37.00] and at Rs 4,432 [-36.00] a barrel respectively. 

Crude oil futures traded bearish during the early hours of trading on Multi Commodity Exchange (MCX) Thursday tracking bearish Nymex crude futures that dropped for the fourth consecutive day though recovery was seen. Global prices rebounded late Wednesday on data showing a steep drop in US oil inventories last week.  

Gold prices have reached new records. MCX gold at Rs 23,000 per 10 grams yesterday, has gone beyond the level. Comaks to $ 1594 per ounce on the gold price rose to record heights. But later in the 1594 level of $ Comaks Comeks some profit on the business closure, and gold closed at 1590 levels.

Experts advise investors

Gold (August Futures): Buy - 23000, stoploss 22950 - and target - 23 110

Copper (August Futures): Sell - 435, stoploss - 438 targets - 429