Monday, July 15, 2013

MCX Gold sideways to bullish; resistance 27000

For intra-day, support for the commodity is seen at 26750 and below that it could test level of 26500 while resistance is seen at 27000. MCX gold for August delivery was seen trading up by 0.17% at Rs.26700 per 10 grams as of 02.11 PM IST on Monday. 

MUMBAI (Commodity Online): The trend in gold futures for August delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish for the day and intra-day traders are advised to stay on buy side.

“For intra-day, support for the commodity is seen at 26750 and below that it could test level of 26500 while resistance is seen at 27000,” said Amrita Mashar, Research Analyst at Commodity Online.

MCX Gold Tips for August delivery was seen trading up by 0.17% at Rs.26700 per 10 grams as of 02.11 PM IST on Monday.

Gold in the international market rose on Monday as US Federal Reserve Chairman recently hinted that the Central Bank may continue with its existing monetary stimulus. Prices were also buoyed as Chinese GDP data for the second quarter matched expectations at 7.5 percent.

Meanwhile, holdings in SPDR Gold Trust, the world's largest gold-backed ETF, are near four-year lows.
The fund has seen outflows of over 13 million ounces, or about $17 billion at current prices, so far this year.
Trading volumes on the Dubai Gold and Commodities Exchange (DGCX) in the first half of 2013 registered a substantial year-on-year growth of 101%, reaching 7,716,340 contracts valued at US$ 268.85 billion. The significant increase was led by currency volumes, which were up 112% from H1 2012.

Gold futures for August delivery on Globex platform of Comex was seen trading up by 0.29% at $1281.15 per troy ounce as of 02.25 PM IST on Monday.

This week, MCX gold for August delivery is expected to trade sideways to positive and may witness short rallies. Support and resistance levels for the week are...

-- Support: 26320, 25910
-- Resistance: 26990, 27100

Source: www.commodityonline.com

MCX Tips | Commodity Tips | Accurate Commodity Tips

Monday 15 July MCX gold silver support and resistance|| online MCX tips for today

On Monday morning Gold silver price take a edge higher against its last close, on early opening position bullion open with a green flag. MCX gold for future delivery open at 26794 against its previous close is Rs 26743. Sharp increments is seen on intraday trading and touch a high of 26925, meanwhile similar trend is also seen on white metal which touch a morning high of 41962 after open at 41536 for future active delivery.  On intraday trading bullion is expected to trade in bullish on morning session at MCX. Currently at MCX time is good to trade in bullion for future long term.

Gold support and resistance

S1: 26500, S2: 26410

R1: 27130, R2: 27250

MCX Copper and crude oil is also showing a mild correction on opening day of week, today crude oil for future delivery open at 6358, on MCX a low weak movement is expected on intraday trading. However, for morning session crude oil is weak and low and expected dot be bearish for today session.

MCX Copper for August delivery open at 420.20 meanwhile a low demand refuses the level and expected to be bearish on intraday trade.

SELL CRUDE OIL JULY BELOW 6360 TGT 6340, 6320, 6300   STOPLOSS 6425

SELL COPPER AUGUST BELOW 420 TGT 418, 415, 412  STOPLOSS 427

SELL SILVER SEPTEMBER 41800 TGT 41700, 41600, 41400 STOPLOSS 42200

SELL MENTHA OIL JULY BELOW  940 tgt 935, 930, 925   stoploss   955

Source: www.mcxncdexcalls.in

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Wednesday, July 10, 2013

Gold gains nearly 2%, August futures at Rs 26588/10 gram

MCX Gold Tips Today
At 10:58 hours IST, MCX GOLD August contract was trading at Rs 26588 per 10 gram, up Rs 485, or 1.86 percent. The GOLD rate touched an intraday high of Rs 26637 and an intraday low of Rs 26185. So far 5493 contracts have been traded. GOLD prices have moved down Rs 5639, or 17.50 percent in the August series so far.

MCX GOLD October contract was trading at Rs 26720 up Rs 492, or 1.88 percent. The GOLD rate touched an intraday high of Rs 26760 and an intraday low of Rs 26467. So far 308 contracts have been traded. GOLD prices have moved down Rs 5130, or 16.11 percent in the October series so far.

MCX GOLD December contract was trading at Rs 26800 up Rs 476, or 1.81 percent. The GOLD rate touched an intraday high of Rs 26800 and an intraday low of Rs 26678. So far 10 contracts have been traded. GOLD prices have moved down Rs 4140, or 13.38 percent in the December series so far.

Source: www.moneycontrol.com

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Wednesday, July 3, 2013

Silver Prices Today: Updates on Silver Rates in India

MCX Silver Tips For Today
On Wednesday the rates of gold were trading mixed in major cities of India. In Mumbai market, spot silver 999 prices gained by Rs 355 at Rs 42420 per one kilogram, while in Chennai market, spot silver 999 prices slipped by Rs 300 at Rs 40700 per one kilogram.

On Wednesday the rates of gold were trading mixed in major cities of India. However, on MCX Silver Prices were trading higher. At 15:03 hrs MCX Silver July contract was trading at Rs 40465 up Rs 582, or 1.46 percent.

The Silver rate touched an intraday high of Rs 40525 and an intraday low of Rs 40120. So far 120 contracts have been traded. Silver prices have moved down Rs 24545, or 37.76 percent in the July series so far.

Mumbai

Spot silver 999 prices gained by Rs 355 at Rs 42420 per one kilogram.

Ahemdabad

Spot silver 999 prices rose by Rs 150 at Rs 41030 per one kilogram.

Chennai

Spot silver 999 prices slipped by Rs 300 at Rs  40700 per one kilogram.

Delhi

Spot silver 999 prices were down by Rs 50 at Rs  41250 per one kilogram.

Jaipur

Spot silver 999 prices gained by Rs 200 at Rs  41300 per one kilogram.

Spot Gold Rates for 10 grams in major metros in India:

City                            Silver 999     Change (Rs)
Mumbai (Jul 03)                 42420      355
Ahmedabad (Jul 03)           41030      150
Chennai (Jul 03)                 40700     -300
Delhi (Jul 03)                      41250      -50
Jaipur (Jul 03)                     41300      200

Source:  www.moneycontrol.com

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Monday, July 1, 2013

01 July 13, Crude Oil Slipped Down and Bullions Trading Steady Today

MCX Gold Trading Tips
On Monday, International market has been trading in both sides as we talk about bullions, energy and agriculture. Bullions are looks steady and not having such a good moments at now.

International gold is trading up side while silver is down and red where as energy is green and natural Gas commodity too. N G is trading in bullish and having positive trend today.

Where U S Dollar prices are decline by 0.15 paise at the 0.26 % rate against Indian Rupee and right now 1 dollar price is equivalent to 59.23 Rs.

In international agriculture, coffee, sugar and cotton have been trading bearish and having loss in their prices where wheat, soyaBean and Corn prices are up in the market.

Indian Commodity Market- is trading mostly in green and bullish while Bullions prices are trading in both sides. Base metals are trading in bullish and giving a steady look as well not showing any big moments.

Gold future contracts prices are trading in 25760 with a high of 91 points where as silver prices are having loss of 8 points before some time and currently it is up by 20 points and moving in up trend.

Crude oil, in domestic market, has been trading in 5730 with a low of 33 points in the market. Natural Gas is also having a low of 0.20 points and its trading price is 214.60 Rs.

Copper metal prices have been bullish like as all base metals are up in the market. Copper has 1.35 up in its price and trading in 407.95 where Nickel has 2.00 Rs high at 825.90 now.

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Source: mcx-commodity-ncdextips.blogspot.in