Today’s MCX Market Trading-Gold Rate Today: Gold, silver up in morning trade

Gold and silver were trading higher in morning trade on Monday on account of some demand of precious metals from jewellers, industries and retailers.

MCX Gold futures were trading 0.27 per cent up at Rs 28,330 per 10 gram at 10.40 am (IST), while MCX Silver futures were trading 0.35 per cent up at Rs 37,335 at around the same time.

gold-rate-today-gold-silver-up-in-morning-trade (1)

SMC Investments and Advisors said, “Bullion counter may trade with sideways bias as movement of greenback and risk sentiment to give further direction to the prices. Meanwhile movement of local currency rupee will give further direction to the prices. Gold can move in range of Rs 28,100-28,400 while silver can move in range of Rs 37,000-37,500 in near term.”

Meanwhile, benchmark equity index BSE Sensex was trading 186 points, or 0.56 per cent, up at 33,649 at around the same time. On the other hand, Nifty was up 60 points, or 0.59 per cent, at 10,394.

As many as 39 stocks were trading in green with VedantaBSE 4.71 % climbing over 3 per cent, followed by CiplaBSE 2.60 % (up 2.44 per cent), Mahindra & Mahindra (up 2.14 per cent), GAILBSE 1.71 % (up 2 per cent) and Adani Ports (up 1.98 per cent).

On the other hand, TCS, Tech MahindraBSE -0.92 %, UPL, HCL TechBSE -0.49 % and Power Grid were down between 0.80 per cent and 1.21 per cent.

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Commodity Market Trends

Commodity  Trends

  R1 S1
GOLD 28800 27900
SILVER 38100 36500
NATURAL GAS 184 160
CRUDE 3815 3550
COPPER 450 425
LEAD 166 157
ALUMINIUM 133 128
ZINC 207 199

 

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COMMODITY OUTLOOK on Aluminum Market

Aluminum:-

The Aluminum is bearish for medium-long term .Currently Aluminum is in strong downtrend and the trend is supported with good volume the open interest is not increasing with trend. The Aluminum is now trading in oversold level. The oscillator is showing sell signal for short term Aluminum is in sell position and closed above 1 week high with volume signals up breakout. Immediate support for Aluminum is 128.Resistance for the Aluminum is 133. Aluminum closed above 1 week high with volume signals up breakout Currently Aluminum is in hold long position Aluminum is in sideways and sellers was at high so for short term better buy above 132.5 or hold with stop at 128.4 The next resistance will be at 133. The oscillator is showing buy signal.

aluminium

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COMMODITY OUTLOOK on Copper Market

Copper:-

Copper futures fell in American trade as the dollar index hit the highest since November 21, following a basket of data from the US, the world’s largest economy while the Federal Open Market Committee starts its two-day policy meeting in Washington. As of 03:24 GMT copper futures due on March 15 dipped 0.32% to $300.20 a pound from the opening of $301.15 while the dollar index rose 0.19% to 94.07 from the opening of 93.87. Earlier US data showed producer prices rose 0.4% in November in line with expectations and with no change from October’s reading, while core prices, excluding food and fuel, rose 0.3%, beating expectations of 0.2% and just below October’s 0.4% rise. Now markets look upon the FOMC’s last 2017 meeting today and tomorrow, with policymakers expected to unveil their three-year forecasts for inflation growth unemployment and interest rates while expected to also hike rates by 25 basis points for the third time this year.

copper

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COMMODITY OUTLOOK on Gold Market

Gold:-

Gold prices traded firm on Thursday after the Federal Reserve raised the interest rates for the third time in this year, however left the economic outlook unchanged for the next year. The weakness in dollar tracking the slow pace of tax reforms bill further supported gold prices. The European Central Bank on Thursday stuck to its pledge to keep money pouring into the euro zone economy for as long as needed, despite opposition from some rate setters and increased growth and inflation forecasts for the area Retail sales in the US increased 0.8% month over month in November of 2017, following an upwardly revised 0.5% rise in October and beating market expectations of 0.3%. Gold prices titled higher in American trade away from July 20 lows, heading for the first weekly profit in four, while the dollar index muscled up for another session, following a basket of data from the US, the world’s largest economy. The Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory the open interest is not increasing with trend The Gold is now trading in oversold level. The oscillator is showing sell signal for short term Gold is in sell position. Immediate support for Gold is 27943.Resistance for the Gold is 28744.

Gold Bullion

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कमोडिटी बाजार में आज क्या हो रणनीति

सोना पिछले चार हफ्ते में पहली बार साप्ताहिक बढ़त दिखा रहा है। हालांकि भाव कल के स्तर के आसपास ही हैं। डॉलर में सुस्ती से कीमतों को सपोर्ट मिला है। वहीं ग्लोबल मार्केट में चांदी कल की गिरावट के बाद हल्के बढ़त के साथ कारोबार कर रही है। लेकिन बढ़त के बावजूद इसका भाव 16 डॉलर के नीचे बना हुआ है। आज अमेरिका में इंडस्ट्रियल प्रोडक्शन के आंकड़ों पर बाजार की नजर है। इस बीच कच्चे तेल की बढ़त पर ब्रेक लग गया है। ब्रेंट में गिरावट शुरू हो गई है। दरअसल अमेरिका में उत्पादन बढ़ने का अनुमान है।

commodity_opening_240 (2)

एग्री कमोडिटी में शिकागो बोर्ड ऑफ ट्रेड पर सोयाबीन में दबाव है। इस हफ्ते इसमें पिछले चार महीने की सबसे बड़ी वीकली गिरावट आई है। इस दौरान ये करीब 2.5 फीसदी टूट गया है। घरेलू बाजार में भी कल सोयाबीन 3000 रुपये के नीचे बंद हुआ। इस बीच डॉलर के मुकाबले रुपये में जोरदार तेजी आई है। रुपया तीन महीने के ऊपरी स्तर पर चला गया है। एक डॉलर की कीमत 64.10 रुपये तक आ गई है।

फिलहाल एमसीएक्स पर सोना 0.2 फीसदी की गिरावट के साथ 28260 रुपये पर कारोबार कर रहा है। चांदी 0.1 फीसदी की मामूली कमजोरी के साथ 37000 रुपये के पास कारोबार कर रही है। वहीं, एमसीएक्स पर कच्चा तेल 0.5 फीसदी की बढ़त के साथ 3665 रुपये पर कारोबार कर रहा है। नैचुरल गैस 0.7 फीसदी बढ़कर 173.3 रुपये पर कारोबार कर रहा है।

बेस मेटल्स में सुस्त कारोबार देखने को मिल रहा है। एमसीएक्स पर कॉपर सपाट होकर 439.15 रुपये पर कारोबार कर रहा है। निकेल भी सपाट होकर 718.4 रुपये पर कारोबार कर रहा है। एल्युमिनियम 0.2 फीसदी की गिरावट के साथ 130.75 रुपये पर कारोबार कर रहा है। वहीं, एमसीएक्स पर लेड सपाट होकर 160.15 रुपये पर कारोबार कर रहा है। जिंक 0.2 फीसदी गिरकर 204.5 रुपये पर कारोबार कर रहा है।

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Commodity Market Trading Tips-Gold Rate Today: Gold, silver down in morning trade

Gold and silver were trading in the red in early trade on Friday on account of subdued demand of precious metals from jewellers, retailers and industries.

MCX Gold futures were down 0.27 per cent, or Rs 77, at Rs 28,240 per 10 gram at around 10.55 am (IST), while MCX Silver futures were down 0.25 per cent, or Rs 92, at Rs 36,962 per 1 kg at around the same time.

-silver-futures-surge-rs-97-on-firm-global-cues

According to SMC Investments and Advisors, bullion counter may trade with a sideways bias as movement of greenback and the US industrial production can give further direction to the prices.

“Gold can move in range of Rs 28,200-28,500 while silver can move in range of Rs 36,800-37,400 in near term,” SMC said.

SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its latest holdings stood at 844.29 tonnes. Holdings of the largest silver-backed exchange-traded-fund (ETF), New York’s iShares Silver Trust SLV, stood at 10,150.22 tonnes, down 44.02 tonnes, from previous business day.
Coming to equity markets, benchmark equity index BSE Sensex surged 358 points in early trade after exit polls predicted a BJP victory in Gujarat and Himachal Pradesh.

Robust liquidity and strengthening rupee further aided the market.

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