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 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
Crude oil is the commodity of MCX market. Energy segment has potential to create desired benefits for the traders. Traders should acquire MCX Tips and should get desired outcomes.
ReplyDelete