Friday, January 30, 2015

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Gold Rises Upward After 2% Glide

mcx commodity tips

Gold fringe up higher on Friday after gliding more than 2% to a 2 week low-lying overnight on treat ovean emerging increased in US interest rates, with bullion remaining on track for its highest weekly fall in two months. Precious metal has lost by 2.6 % so far this week, after dragging further away from a five months max set for 22 January.

Coal India slide by 4% as OFS opens
Shares of Coal India slided by 4 % in early trade on Friday as its offer for sale (OFS) opens today. The floor price of OFS is fixed at Rs 358/share, a discount of around 4.5 % from Thursday ending price.

Wednesday, January 28, 2015

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Market Balance, Oil Price holds above $48

mcx commodity tips

Brent crude futures clasp above $48 on Tuesday as a weaker dollar offset the collision of a global supply glut, with traders questioning if the nearly 60 % price slide since June has run its course.

Brent strikes $45.19 on 13 January, the lowest since 2009 and fall downward from a June 2014 peak of $115.71, but has since traded in a small band of $47 to $50.62. The market is looking for the right impetus to push oil prices higher.

Brent was moderately higher on Tuesday did not surely mean the route was over yet. Brent futures were trading at $48.28 a barrel, upward 12 cents, by 1438 GMT. Oil prices have sinked nearly 60 % since peaking in June, driven lower by ample supplies from the US shale oil boost.

Tuesday, January 27, 2015

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Crude Oil Futures Slid by 0.17 %


mcx commodity tips

Crude oil futures slid by 0.17 % to Rs 2,943/barrel today among a weak trend in Asian markets. At the MCX, crude oil for delivery in February eased by Rs 5, or 0.17 %, to Rs 2,943 / barrel in 1,702 lots. The March contract of oil shack Rs 4, or 0.13 %, to Rs 3,014 per barrel in 45 lots. Analysts said a weak trend in Asian trade as dealers await a much-except European Central Bank policy meeting and the release of the latest US supply report kept crude oil futures prices under pressure here. At global level, the West Texas median crude for March delivery was down 36 cents to USD 47.42 while Brent crude for March eased 13 cents to USD 48.90/barrel in late morning trade on the New York Mercantile Exchange.

Friday, January 23, 2015

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Zinc Prices Increased by 0.15 %


Zinc prices increased by 0.15 % on Thursday at the domestic markets due to the diminish in the zinc stockpiles at the London Metal Exchange (LME) on account of the weak desired for the commodity. LME zinc stocks slid by 3275 metric tonnes to 649400 metric tonnes as on 22 Jan 2015. Zinc futures for January 2015 contract, at MCX, were trading at Rs 131.65/kg, upward by 0.15 % after opening at Rs. 131.25 against the last day of ending price of Rs. 131.45. It touched the intra day max of Rs. 132.30 till the trading. (At 3.45 PM).

Thursday, January 22, 2015

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Crude Oil prices Slid by 0.85 % on Wednesday

CRUDEOIL 

Crude oil prices slid by 0.85 % on Wednesday at the domestic markets as investors endured on the sidelines and abstained from buying activity ahead to data on U.S. supplies.The American Petroleum Institute will release its estimates of U.S. stockpiles of crude and refined products last week.The data is a day late because of a public holiday in the U.S. On Monday. At the MCX, crude oil futures for February 2015 contract were trading at Rs. 2,916/barrel, downward by 0.85 %, after opening at Rs. 2,924 against the last day of closing price of Rs. 2,941. It touched the intra day low of Rs. 2,912 till the trading.

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Wednesday, January 21, 2015

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21 January Natural Gas Updates for Commodity Market

Natural Gas futureexpanded a rout in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as forecasts for dimishing US weather menance to restraint heating desired for the fuel in the world’s largest fuel user. Commodity Weather Group, LLC estimated above normal temperatures from the Great Plains through Florida over the next five days with seasonal or maximum readings through 29 January 2015.

At MCX, Natural Gas futures for January 2015 contract ended at Rs 175.90 per 1 kg, downward by 3.72 % after opening at Rs 183.7, against the last day of ending price of Rs 182.7. It touched the intra day low-lying of Rs 186.2 till the ending.

Tuesday, January 20, 2015

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Gold recovers Rs 28,000 demands on the mark

Pursuing its rising streak for the third successive day, gold hits the Rs 28,000 levels after over four months by gaining profit of Rs 100 in the bullion market in the national capital today. Precious metal increased to Rs 28,080 per ten grams largely on the back of assisted buying by jewelers and retailers to meet ongoing wedding season desired focus a firming global trend. 

Silver, slide by Rs 45 to Rs 39,100 per kg owing to subdue desired at prevailing levels.

From comfort buying by jewellers and retailers to meet increasing wedding season demand, a firming global trend mainly raised the sentiment. Gold rose to almost four-month max ahead of European Central Bank policy makers meet to discuss introduction of new stimulus.

Silver slide by Rs 45 to Rs 39,100 per kg and weekly based delivery by Rs 90 to Rs 39,070 per kg.
Silver coins persist constant at Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.

Monday, January 19, 2015

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Commodity Updates : Gold Prices Today Glide by Rs 565


Gold prices today glide by Rs 565 to trade at over two months of max at Rs 27,885 per ten grams at the bullion market on brisk buying by jewelers and retailers to meet the wedding season desired during a firming trend overseas. Silver also increased sharply by Rs 620 to Rs 37,900 per kg on increased offtake by industrial units and coin makers. Bullion traders said point of view turned better after gold reassemble to the biggest since September in global markets as the dollar weakened after Switzerland disconnect its currency to the euro and lowered the deposit rate. Gold in New York, which mainly set the price trend on the domestic front, hiked upward by USD 33.50, or 2.73 percent to USD 1,262.60 an ounce and silver by 0.68 percent to USD 16.96 an ounce in yesterday's trade.

Thursday, January 15, 2015

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Gold Prices Slide by 0.41 Percent 15 January reports

Gold prices slide by 0.41 percent on Wednesday at the domestic markets though physical desired, expectations offered some support in India and China as weaker prices attracted jewelry makers. However, losses were restrain Federal Reserve Bank of Minneapolis President Narayana Kocherlakota warned policymakers that an interest rate increased in 2015 may impede the US economic regaining, bolstering the appeal of the bullion as a store of value. Gold futures for February 2015 contract, at MCX, were trading at Rs. 26,944 per 10 grams, downward by 0.41 percent after opening at Rs. 27,020 against the last day of closing price of Rs. 27,055. It touched the intraday low of Rs. 26,901 till the trading. (At 11.57 AM).

Wednesday, January 14, 2015

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Gold futures raised by 0.26 percent 14 January Reports

GOLD 
Gold futures raised by 0.26 percent on Tuesday at the domestic markets as investors pursue shelter from steep losses in the oil market and among speculation the Federal Reserve will keep rates on hold for maximum time. Oil prices continued to collapse to trade near the shortest level since spring 2009 after Goldman Sachs slashed its 2015 price forecast, citing arising global supplies. At MCX, Gold futures for February 2015 contract was trading at Rs 27,100 per 10 gram, upward by 0.26 percent after opening at Rs 27,145, against the last day of ending price of Rs 27,030. It touched the intra day max of Rs 27,180 till the trading. (At 12.04 AM).

Tuesday, January 13, 2015

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Rise In Gold Price By Rs 177 to Rs 26,977

Gold
Gold prices increased by Rs 177 to Rs 26,977 per 10 gm in futures trade today as speculators maked newly positions amid positive signs from global markets. At the Multi Commodity Exchange, gold for delivery in February was upward by Rs 177, or 0.66 per cent, to Rs 26,977 per 10 gm in a business throughput of 1,045 lots. On similar gold for delivery in February strike up by Rs 174, or 0.64 percent, to Rs 27,175 per kg in a turnover of 27 lots. 

SILVER 
Silver prices increased sharply by Rs 325 to Rs 37,158 per kg in futures trading today as speculators gratify in making newly positions among a firming trend in the precious metals overseas. At the MCX, silver for delivery in March traded maximum by Rs 325, or 0.87 percent, at Rs 37,158 per kg in a business throughput of 702 lots. The white metal for delivery in May traded maximum by Rs 278, or 0.74 percent, to Rs 37,779 per kg in seven lots.

Monday, January 12, 2015

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WEEKLY COMMODITY NEWS FOR 12 JANUARY 2015

GOLD 

For February Gold delivery traded four-fifths of a percent downward at Rs 26,952 per 10 gm on MCX in early noon trades on January 8 while the stock markets posted some profit gains. Retail demand for gold has increase upward recently but most of the supply is being met through recycled metal. Many consumers are exchanging their old jewellery for new jewellery, adding that jewellers and bullions dealers have resorted to hedging to circumvent inventory losses since gold prices slide to as low-lying as Rs 25,000 per 10 gm in recent months. 

SILVER 

Prices of silver is decreased by Rs 397 to Rs 37,365 per kg in futures trade today after speculators decrease their exposures amid weak cues from global markets. At the MCX, silver for delivery in March slided by Rs 397, or 1.05 per cent, to Rs 37,365 per kg in a business turnover of 2,018 lots. In a similar fashion, the white metal for delivery in May traded downward by Rs 358, or 0.93 per cent, to Rs 38,025 per kg in 11 lots. Analysts said minimizing of positions by participants amidst a weak global trend mainly led to the slide in silver prices at futures trade here. Globally, silver lost 0.4 per cent to USD 16.47 an ounce in Singapore.

Saturday, January 10, 2015

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Crude Oil reports For 12 January 2015

CRUDE OIL 

Crude oil prices slided by 0.65 percent on Friday at the domestic markets with key producers  staging no signs of cutting output in the face of a global supply surfeit. Saudi Arabia and its Gulf OPEC allies are staging no sign of considering cutting output to improve oil prices even as desire slows globally. Meanwhile, annual consumer boom in China remained near the shortest in five years, signaling persistent weakness in the world's biggest energy consumer. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,075 per barrel, up by 0.65 percent after opening at Rs. 3,075 against the last day of ending price of Rs. 3,055. It touched the intra day max of Rs. 3,093 till the trading. (At 12.15 PM).

Friday, January 9, 2015

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Gold Futures Fringe Underneath ahead of U.S. Data


NEWS INSIGHTS

Gold fringe down on Thursday, as market players see ahead to the librate of key U.S. data later in the session for furthermore indications on the brawn of the economy and the future path of monetary policy. Gold futures for February conveyance shed $2.70, or 0.22%, to trade at $1,208.00 a troy ounce during European morning hours, after cuffing a session low-lying of $1,205.00. A day earlier, gold loss $8.70, or 0.71%, to resolve at $1,210.70, after data showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December. The buoyant data raised the outlook for the U.S. regaining and boosted expectations for a strong reading of the government nonfarm payrolls due on Friday. Futures were likely to search support at $1,177.80, the low-lying from January 5, and resistance at $1,223.30, the max from January 6. Also on the Comex, silver futures for March delivery decrease 10.6 percents, or 0.64%, to trade at $16.43 a troy ounce. Gold fall nearly 2% in 2014 amid indications a strengthening U.S. economic regaining will force the Federal Reserve to start increasing interest rates sooner and faster than foregoing thought.

Thursday, January 8, 2015

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Gold Slides on Strong Dollar

Gold relive moderately on Wednesday after a three-day winning strip as the dollar and equities nourished, but prices held above $1,200 an ounce and near their biggest in three weeks on worries about Greece's political situation. Spot gold relive 0.4 per cent to $1,213.86 an ounce by 1038 GMT, after bouncing to its maximum since Dec. 15 at $1,222.40 in the last session, due to collapse in equity markets.

US gold futures for delivery in February fall down 0.3 percent to $1,215.20 an ounce. Gold's near-term resistance for the ending price is anticipated at $1,220, while a end above that level would shift the focus to further profit gains, with a target of $1,250.

The longer-term outlook remains one of continuous economic regaining in the United States leading to a first interest rate increase in the second half of the year.

Metal had recovers the important $1,200 level for the first time in three weeks on Tuesday, improved by softer-than-expected US economic data, which added to its appeal as an alternative investment.

Silver slide down by 0.8 percent to $16.37 an ounce, while platinum was upward 0.1 percent at $1,214.50 an ounce and palladium lost 0.4 percent to $796.50 an ounce.

Market  Tips for 8 january 2015


REVIA MCX: SELL SILVER BELOW 37400 TGTS 37350/37000/36650 SL 37600 (9977785000)

REVIA MCX: SELL ALUMINIUM BELOW 112.30 TGTS 111.90/111.40/110.80 (9977785000)

Wednesday, January 7, 2015

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Gold Increase 1 Percent to 3 Week Max


Gold bounce more than 1 percent to a three-week max on Tuesday, increase in profit gains on safe-haven buying as stock markets down on mounting concern over Greece's future in the euro zone and as oil prices collapse.

Gold rallies as risk aversion builds

Its secure haven buying lifted gold above $1,200 an ounce on Tuesday, a level it has highly been thrust at in the past two months. Sliding in global stocks and oil prices, commodity analysts believe, are the catalysts for a gold rally. However, a powerful dollar could offset an successful rally in the metal. Stronger dollar translates into maximum rupee price of gold, one of the country's biggest import products.

Tuesday, January 6, 2015

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Extended in Oil Selling

Selling in oil extend with little halt into the new year with US crude futures collapse under $50 a barrel on Monday for the first time since April 2009 on fears of a global supply surplus. US crude's front-month contract slided to $49.95, downward by 5 percent from Friday's end, before regaining to $50.20 by 11:36 a.m. ET (1636 GMT). Benchmark Brent crude was downward more than 6 percent at under $53 a barrel.



Softens in Copper futures trade on weak

Price of copper slided down by 0.16 percent to Rs 401.70 per kg in futures trade today after speculators cut positions amid a weak trend in select base metals overseas. In MCX, copper for delivery in far-month April contracts slided by 65 paise, or 0.16 per cent, to Rs 401.70 per kg in a business throughput of four lots. Metal for delivery in February relive by 55 paise, or 0.14 per cent, to Rs 397.50 per kg in 660 lots.



Monday, January 5, 2015

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WEEKLY COMMODITY REPORT FOR JANUARY

CRUDE OIL



By 0.91 percent Crude oil prices raised on Friday at the domestic markets after the fewest Americans in 2014 filed for unemployment profit claims in 14 years in 2014, signalling a nourish job market regain in the world’s largest economy, lifting the desired outlook for the fuel. Average jobless asserts in 2014 stood at 308,500, the least since 299,600 in 2000. At the MCX, crude oil futures for January 2015 contract were trading at Rs. 3,431 per barrel, Rise upward by 0.91 percent, after opening at Rs. 3,419 against the last day of closing price Rs. 3,400. It touched the intra day max of Rs. 3,438 till the trading. (At 11.58 AM today).

COPPER 



By 0.38 percent Copper prices raised on Friday at the domestic markets after Markit said that HSBC Markit Manufacturing PMI increased to a seasonally regulated annual rate of 54.50, from 53.30 in the predate quarter signaling upward sentiment in the region which increased the demand outlook for the metal. At the MCX, copper futures for February 2015 contract were trading at Rs.400.45 per 1 kg, rise upward by 0.38 per cent, after opening at Rs. 400 against the last day of closing price of Rs. 398.95. It touched the intra day max of Rs. 401.80 till the trading. (At 11.44 AM).

Saturday, January 3, 2015

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COMMODITY REPORT FOR 5 JANUARY


Gold futures slided down in the domestic market on Friday as dropping in oil prices has hit the demand for gold as a hedge against expansion. The resurfacing of Greek problems and a global declaration may support the precious metal’s demand as a safe haven asset. Further, a powerful dollar reduced the appeal of the bullion as an alternative asset. Powerful dollar makes the precious metal expensive for those holding other currencies, thus lessen demand. 



At the MCX, Gold futures for February 2015 contract was trading at Rs 26,685 per 10 gram, downward by 0.06 percent after opening at Rs 26,740, against the last day of closing price of Rs 26,700. It touched the intra day max of Rs 26,642 till the trading. (At 11.58 AM today). Gold futures for February 2015 contract ended at Rs 26,700 per 10 gram, downward by 0.01 percent after opening at Rs 26,698, against the last day of closing price of Rs 26,703. It touched the intra day low lying of Rs 26,670 till the ending.

Friday, January 2, 2015

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Rise of Oil Prices in New Year

Hike in Oil prices in New year, Asian trading during the first conclave of the New Year, as dealers hailed a larger-than-anticipate fall in US crude stockpiles. West Texas Intermediate for February delivery, the US benchmark, increased by 80 cents to $54.07 in morning trade.

In the Asia-Pacific region, markets in China, Japan, New Zealand, the Philippines, Taiwan and Thailand were shut down on Friday for a public holiday. "The profit gains in Asian trading are probable because of the positive US crude stockpiles data released on Wednesday," Ang added.

Fell in US crude by 1.8 million barrels in the week to December 26, the US Energy Information Administration vocalize in its last petroleum report for 2014 released on Wednesday. The figure upended supposition for an raising of 900,000 barrels projected in a Bloomberg News survey. Reduce in US crude stocks typically indicates strong desire in the world's top oil consumer, pushing global prices up.

Thursday, January 1, 2015

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COMMODITY REPORT FOR 1 JANUARY 2015

Gold futures closed maximum in the domestic market on Tuesday as the dollar exhausted and stock markets slipped, with covers over tension between Russia and the West also helping push the metal through key chart levels. Safe-haven desired influenced after Greek Prime Minister Antonis Samaras said that he will recommend parliamentary elections are claspon January 25, almost 18 months before his coalition's term was due to end. 



A Weaker dollar increased the appeal of the bullion as an alternative asset. Weaker dollar makes the precious metal cheaper for those holding other currencies, thus increasing desired. Gold futures may increase today as a dip in equities uplift desired for the yellow metal as an alternative asset. MCX, Gold futures for February 2015 contract ended at Rs 27,049 per 10 gram, upward by 1.06 per cent after opening at Rs 26,845, against the last day of ending price of Rs 26,764. It touched the intra-day max of Rs 27,220 till the ending.