Today Commodity Market Outlook: Silver looks to break shackles, eyes high

It turned out to be a listless trade for gold and silver on Wednesday as investors trained their sights on US Fed policy decision later in the day.

MCX Gold futures slipped 0.04 per cent to Rs 31,144 per 10 grams at around 10.30 am. Silver futures were down 0.26 per cent at Rs 40,584.

silver market promotional

Oil prices globally hit a soft patch. Rising supply in the US and expectations that Opec’s voluntary output cuts could be loosened pushed down the price graph.

Where are key commodities heading for during the day?

Gold futures for August are expected to move mixed in Rs 30,960-31,260, with a cap on the upside. Futures for silver in July may show an upside bias taking support near Rs 40,400-40,300, according to SMC Global Securities.

The brokerage house believes that base metal counters are likely to turn weak in the near term. Global base metal prices mostly came down on Wednesday as investors tracked the US Federal Reserve’s policy meeting today. The central bank is expected to hike interest rates this time.

“Crude oil is expected to trade sideways in the range of Rs 4,410-4,510 levels,” SMC Global said in a report.

Coming to agri commodities, SMC believes that turmeric futures for July would trade with an upside tilt towards Rs 7,250-7,280, taking positive cues from the spot market.

However, soybean July futures are seen to run out of gas and test Rs 3,380-3,350. Spot soybean, soybean meal and soy oil dropped at the key market across the country, weighed down by slow demand.

Spot soybean gave up Rs 50 at Rs 3,300-3,450 per 100kg in Indore while refined soy oil dipped Rs 5 to Rs 740. Similarly, soybean meal was Rs 500 down at Rs 28,500 per tonne.

To Get Free Trial on Commodity Market Tips, Mcx Trading Tips give

Missed call @8817002233, WHATSAPP NO.8602780449

Mail Us = starindiamarket@gmail.com

visit = https://www.starindiaresearch.com/mcx-tips.php

Advertisements

STARINDIA Research MCX Base Metal TIPS UPDATE: Missed Call@8817002233

UPDATE:-

KINDLY BOOK MORE PROFIT IN ZINC SELL (207.30) SELL CALL, OUR 2ND TGT 206.10 HAS ACHIEVED.

zinc promotional

To Get Free Trial
Whatsapp @8602780449
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

Commodity Market Trading Updates-Gold Rate Today: Gold, silver slide in morning deals

Precious metals gold and silver lost big in the morning trade on Wednesday.

MCX Gold futures were trading 0.38 per cent, or Rs 118 lower at Rs 31,070 per 10 grams at 11:11 am (IST), while MCX Silver futures were down 0.35 per cent, or Rs 138, at Rs 39,841 per 1 kg at the same time.

gold silver market promotional 1

SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings stood at 851.45 up 2.95 tonnes, from the previous business day.

Holdings of the largest silver-backed exchange-traded-fund(ETF), New York’s iShares Silver Trust SLV, stood at 9952.13 tonnes, remain unchanged from the previous business day.

Nirmal Bang Securities in its commodity report says, “Precious metals are trading flat on COMEX today. We expect prices to trade rangebound to higher for the day, as political turmoil in Italy and concerns over Sino-US trade conflict spurred safe-haven demand.”

On the global front, Gold prices rose in early Asian trade.

To Get Free Trial on Commodity Market Tips, Mcx Trading Tips give

Missed call @8817002233, WHATSAPP NO.8602780449

Mail Us = starindiamarket@gmail.com

visit = https://www.starindiaresearch.com/mcx-tips.php

 

COMMODITY OUTLOOK on Copper Market

Copper:-

The Trend of Copper is Bearish. Copper tumbles down sharply after making high of 474.50 at the start of the week. The cancellation of the summit with North Korea by US President Donald Trump put more pressure on the Copper prices. Strong dollar were keeping the pressure on the Copper prices this week. Copper loosed all its gains and ended flat this week at 461.95 as compare of the previous week closing rate of 461.90. We expect more selling pressure on the Copper prices in coming days. Sell on high strategy can be follow for upcoming week.

copper promotional

 

To Get Free Trial
Missed call @8817002233
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

STARINDIA Research Base Metal TIPS UPDATE: Missed Call@8817002233

UPDATE:-

KINDLY BOOK PART PROFIT IN ZINC SELL (207) CALL, OUR 1ST TGT 206.50 HAS ACHIEVED.

zinc promotional

To Get Free Trial
Whatsapp @8602780449
Mail Us – starindiamarket@gmail.com
visit – https://www.starindiaresearch.com/mcx-tips.php

Commodity Market Updates-Gold touches Rs 32,000 on jewellers’ demand

Gold rallied by Rs 120 to Rs 32,000 per ten gram on increased buying by local jewellers amid strong overseas trend.

Silver also strengthened by Rs 300 to Rs 41,400 per kg due to increased offtake by industrial units and coin makers.

gold silver promotional

Traders said increased buying by local jewellers to meet retailers’ demand at domestic spot market and a depreciating rupee against the dollar, making gold import costlier, supported the uptrend.
Besides, the metal surged as its prices rose slightly in global markets amid a firm dollar and uncertainty over the outcome of US-China trade talks, while investors waited for minutes from the Federal Reserve’s meet for clues on the outlook for US interest rates.

Globally, gold rose 0.12 per cent to USD 1,292.20 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity shot up by Rs 120 each to Rs 32,000 and Rs 31,850 per ten gram, respectively. It had edged up by Rs 5 in yesterday’s trade.

Sovereign however held steady at Rs 24,800 per piece of eight gram.

In step with gold, silver ready advanced by Rs 300 to Rs 41,400 and weekly-based delivery by Rs 175 to Rs 40,480 per kg.

Silver coins however held steady at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.

To Get Free Trial on Commodity Market Tips, Mcx Trading Tips give

Missed call @8817002233, WHATSAPP NO.8602780449

Mail Us = starindiamarket@gmail.com

visit = https://www.starindiaresearch.com/mcx-tips.php

 

 

सोने की चमक पड़ी फीकी, क्या हो रणनीति

सोने में गिरावट बढ़ती जा रही है। घरेलू बाजार में सोने का दाम करीब 100 रुपये नीचे है। ग्लोबल मार्केट में सुस्ती और रुपये में रिकवरी से घरेलू कीमतों पर दोहरा दबाव है। मांग में कमी से भी इसकी कीमतों पर दबाव है। उधर चांदी में भी बिकवाली हावी है।

एक अहम खबर ये है कि जेम्स एंड ज्वेलरी एक्सपोर्ट में भारी गिरावट आई है। अप्रैल में इसका एक्सपोर्ट करीब 22 फीसदी गिर गया है। इस दौरान सबसे ज्यादा गिरावट चांदी के आभूषण एक्सपोर्ट में आई है। सिल्वर ज्वेलरी का एक्सपोर्ट पिछले महीने करीब 95 फीसदी गिर गया है। जबकि गोल्ड ज्वेलरी एक्सपोर्ट में करीब 87 फीसदी की गिरावट दर्ज हुई है। गौर करने वाली बात ये है कि रुपये में कमजोरी के बावजूद ज्वेलरी एक्सपोर्ट में इतनी बड़ी गिरावट आई है।

GOLD SILVER MARKET promotional

कच्चे तेल में आज भी तेजी का सिलसिला जारी है। हालांकि ब्रेंट शुरुआती कारोबार में 80 डॉलर छूने के बाद थोड़ा नीचे आ गया है। वहीं नायमेक्स क्रूड में 72 डॉलर के ऊपर कारोबार हो रहा है। दरअसल ओपक की सप्लाई घटने के बाद अब ईरान पर अमेरिकी पाबंदी का असर बाजार पर हावी हो गया है। ऐसे में क्रूड की कीमतों में मजबूती बनी हुई है।

इस बीच बेस मेटल में चौतरफा गिरावट आई है। कॉपर समेत सभी मेटल नीचे हैं। जिंक और निकेल में गिरावट ज्यादा है। उत्पादन घटने के बावजूद एल्युमिनियम पर दबाव दिख रहा है। रुपये में रिकवरी से मेटल की घरेलू कीमतों पर दोहरा दबाव देखने को मिल रहा है। अमेरिका-चीन ट्रेड वार ठंडा पड़ने से मेटल को सपोर्ट की उम्मीदें थीं, लेकिन ऐसा दिख नहीं रहा है।

एग्री की बात करें तो किसानों की आय बढ़ाने के लिए सरकार एक कदम और आगे बढ़ने जा रही है। इसके लिए सरकार आज कॉन्ट्रैक्ट फार्मिंग का मॉडल जारी करेगी जिसके तहत किसान उपज बेचने के लिए कंपनियों से करार कर सकेंगे। कॉन्ट्रैक्ट फार्मिंग एक्ट के तहत उपज खरीदने के तौर-तरीके बनेंगे और कंपनियां उपज के लिए किसानों से करार कर सकेंगी। इसमें किसानों से सीधे उपज खरीदने की सुविधा होगी। इसके तहत वॉलमार्ट, पेप्सिको जैसी कंपनियों से करार किया जा सकेगा। इस बारे में बजट में भी घोषणा हुई थी।

अधिक जानकारी के लिए कृपया हमसे संपर्क करें 8817002233 or whatsapp no. 8602780449  http://www.starindiaresearch.com/freetrail.php