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Showing posts with label mcx gold tips. Show all posts
Showing posts with label mcx gold tips. Show all posts

Wednesday, October 8, 2014

TODAY'S GOLD UPDATES FROM RESEARCH VIA 8/OCT/2014


GOLD
Gold prices fell by 0.16 per cent to Rs 26,678 per ten grams in futures trade today as speculators indulged in trimming positions in tandem with a weak global trend.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 43, or 0.16 per cent, to Rs 26,678 per ten grams in a business turnover of 409 lots.
Similarly, the metal for delivery in February 2014 contracts lost Rs 21, or 0.08 per cent, to Rs 26,883 per ten grams in a business turnover of just one lot.
Analysts attributed the fall in gold futures to trimming of positions by speculators in tandem with a weak global trend as the dollar advanced towards a four-year high, reducing demand for precious metals as an alternative investment.
Meanwhile, gold fell 0.4 per cent to $1,203.02 an ounce in Singapore in early trade today. 
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Tuesday, September 9, 2014

DAILY MCX GOLD UPDATE FOR 9/SEP/2014


DAILY BUZZ
GOLD
Gold prices were up by 0.27 per cent to Rs 27,614 per 10 gram in futures trade as speculators enlarged positions amid a firming global trend.
At the Multi Commodity Exchange, Gold for delivery in December moved up by Rs 73, or 0.27 per cent, to Rs 27,614 per 10 gram in a business turnover of 43 lots.
In a similar fashion, the metal for delivery in October gained Rs 59, or 0.22 per cent, to Rs 27,437 per 10 gram in 1,036 lots.
Analysts said the rise in gold prices at futures trade was mostly attributed to a firming trend overseas as speculators enlarged positions.
Meanwhile, gold rose 0.2 per cent to USD 1,270.78 an ounce in Singapore. 
 
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Thursday, September 4, 2014

RESEARCH VIA DAILY BASE METAL REPORT 04/SEP/2014


DAILY BUZZ

NICKEL
Nickel prices moved up by Rs 4.40 to Rs 1,130.70 per kg in futures market today after speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers.
Besides, an encouraging trend in select base metals in the global markets, supported the upside.
At the Multi Commodity Exchange, nickel for delivery in current month gained Rs 4.40, or 0.39 per cent, to Rs 1,130.70 per kg in a business turnover of 407 lots.
In a similar fashion, the metal for delivery in October rose by Rs 3.70, or 0.33 per cent, to Rs 1,136.70 per kg in 5 lots.
LEAD
Lead prices shed 0.11 per cent to Rs 136.15 per kg in futures trading today as speculators trimmed positions amidst a weak trend in the spot markets due to subdued demand from battery-makers.
At the Multi Commodity exchange, lead for delivery in October eased by 15 paise, or 0.11 per cent, to Rs 136.15 per kg in a business turnover of one lot. The metal for delivery in September fell 10 paise, or 0.07 per cent, to Rs 135.45 per kg in a business volume of 177 lots. 

Monday, September 1, 2014

RESEARCH VIA DAILY MCX REPORT 01/SEP/2014

DAILY BUZZ
GOLD
Gold futures closed lower in the domestic market on Wednesday as investors and speculators exited positions in the precious metal as a drop in bullion-backed holdings signaled weakening investment demand for the yellow metal. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell to 795.60 tons on Wednesday from its previous close of 797.09 tons on Tuesday. However, a weaker dollar boosted the appeal of gold as an alternative asset, curbing losses in the precious metal. Weaker greenback makes the bullion cheaper for those holding other currencies, thus bolstering demand. However, caution ahead of US GDP data, jobless claims and pending home sales data which may influence the country’s monetary policy outlook weighed on sentiment. Gold futures may trade lower today amid caution ahead of key US data. Gold futures for October 2014 contract, at MCX, closed at Rs. 27,780 per 10 grams, down by 0.41 per cent, after opening at Rs. 27,863, against the previous closing price of Rs 27,895. It touched an intra-day low of Rs 27,765 .
COPPER
Copper futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the industrial metal after consumer confidence in Germany fell for the first time in one and a half years in August 2014, signaling a faltering recovery in Europe’s biggest economy, darkening the demand outlook for industrial metals. The gauge measuring consumer confidence in Germany fell to 8.9 this month from 8.6 in July, the biggest drop since May 2011, GfK said. All eyes are on the European Central Bank (ECB) which will announce its policy decision next week amid speculation of fresh easing measures to boost the sagging 18-member economy. At the MCX, Copper futures for August 2014 contract closed at Rs. 422.85 per 1 kg, down by 0.73 per cent, after opening at Rs. 425, against the previous closing price of Rs. 425.95. It touched an intra-day low of Rs 421.75
CRUDE OIL
Crude oil futures were trading higher in the domestic market on Thursday as a dip in oil and gasoline stockpiles in the US signaled a pickup in fuel demand in the world’s biggest crude oil consumer. While crude stockpiles fell 2 million barrels last week, gasoline supplies declined 960,000 barrels to 212.3 million barrels, the EIA said. All eyes are on the Q2 US GDP data to be released today which is expected to confirm an annualized growth of 4 per cent after a surprise contraction in the previous quarter when bad weather played spoilsport. At the MCX, Crude Oil futures, for the September 2014 contract, is trading at Rs 5,685 per barrel, up by 0.18 per cent, after opening at Rs 5,686, against a previous close of Rs 5,675. It touched an intra-day high of Rs 5,693. (At 11:01 AM).
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Monday, August 4, 2014

WEEKLY COMMODITY MCX REPORT 4/Aug/2014


Precious Metal

DAILY BUZZ
SILVER
Silver futures rose in the domestic market on Friday as investors and speculators booked fresh positions in the precious metal amid a pickup in physical demand for the bullion in the domestic spot market. However, caution ahead of the US jobs data which may show strength in the labour market of the world’s biggest economy and may prompt the Fed to raise interest rates in the near-term, dimmed the appeal of silver as a store of value, trimming gains in the precious metal. The US economy may have added more than 200,000 jobs for a sixth straight month in July, data may show today. At the MCX, Silver futures, for the September 2014 contract, closed at Rs. 44,484 per kg, up by 0.19 per cent, after opening at Rs. 44,393, against the previous closing price of Rs 44,399. It touched an intra-day high of Rs 44,580 .

Base Metals & Energy
DAILY BUZZ
COPPER
Copper prices fell by 0.11 per cent on Friday at the domestic markets as the slowest gain in manufacturing activity in the Chicago region since October 2008 in July 2014 signaled doubts over the US economic recovery, clouding the demand outlook for the metal. The Chicago Purchasing Managers Index fell to 52.6 in July from 62.6 in the previous month, with a reading above 50 signaling expansion. At the MCX, copper futures for August 2014 contract were trading at Rs.435.60 per 1 kg, down by 0.11 per cent, after opening at Rs. 436.50 against the previous closing price of Rs. 436.10. It touched the intra-day low of Rs. 435.60 till the trading. (At 3.50 PM today). However, losses were curbed due to the decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell by 550 metric tonnes to 146200 metric tonnes as on August 1, 2014.
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Wednesday, July 16, 2014

DAILY BASE METAL REPORT FROM RESEARCH VIA

Base Metals & Energy

DAILY BUZZ
ZINC
Zinc traded higher by 0.33 per cent to Rs 138.25 per kg in futures market today as speculators enlarged positions amid a firming global trend and rising domestic demand.
At the Multi Commodity Exchange, zinc for delivery in July edged up by 45 paise, or 0.33 per cent, to Rs 138.25 per kg in a business turnover of 4,553 lots.
In a similar fashion, the metal for delivery in August traded higher by a similar margin to Rs 138.90 per kg in 212 lots.
NICKEL
Nickel prices moved up by 0.28 per cent to Rs 1,161.70 per kg in futures trading today after speculators enlarged positions, tracking a firm trend at spot market on rising demand from alloy-makers.
However, metal weakened at the London Metal Exchange (LME).
At the Multi Commodity Exchange, nickel for delivery in July rose by Rs 3.20, or 0.28 per cent to Rs 1,161.70 per kg in business turnover of 3448 lots.
Similarly, the metal for delivery in August contract edged up by Rs 2.20, or 0.19 per cent to Rs 1,168.20 per kg in 114 lots. 

Monday, July 7, 2014

COMMODITY MCX DAILY REPORT 7/JULY/2014

Precious Metals
 
DAILY BUZZ

GOLD
Gold futures rose 0.34 per cent to Rs 27,641 per 10 grams today amid a firming trend in global markets.
At the Multi Commodity Exchange, Gold for delivery in October rose by Rs 95, or 0.34 per cent, to Rs 27,641 per 10 grams with a business turnover of 85 lots.
In a similar fashion, the metal for delivery in August moved up by Rs 90, or 0.32 per cent, to Rs 27,554 per 10 grams with a trade volume of 4,113 lots.
Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets after German factory orders fell more than expected, raising demand for the safe-haven.
Meanwhile, gold climbed 0.20 per cent to $1,321.89 an ounce in London.
Base Metals & Energy 
DAILY BUZZ
LEAD
Taking weak cues from the global market and sluggish domestic demand, lead fell by 0.38 per cent to Rs 129.65 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity exchange, lead for delivery in July down by 50 paise, or 0.38 per cent, to Rs 129.65 per kg in business turnover of 595 lots.
Metal prices for delivery in August also fell by a similar margin to Rs 130.90 per kg in 7 lots.
NICKEL
Nickel prices moved down by 0.62 per cent to Rs 1,180.80 per kg in futures trade today as participants reduced their exposures, tracking a weak trend overseas and sluggish demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in August month declined by Rs 7.40, or 0.62 per cent, to Rs 1,180.80 per kg in a turnover of 42 lots.
Similarly, the metal for delivery in July traded lower by Rs 8.60, or 0.56 per cent, to Rs 1,175.20 per kg in 1,517 lots.
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Tuesday, July 1, 2014

DAILY COMMODITY MCX REPORT 1/july/2014

Precious Metals
DAILY BUZZ
GOLD
Gold futures fell by 0.19 per cent to Rs 27,620 per 10 grams today as speculators offloaded positions to book profits amid a weak global trend.
At the Multi Commodity Exchange, Gold for delivery in August fell by Rs 52, or 0.19 per cent, to Rs 27,620 per 10 grams in a business turnover of 199 lots.
On similar lines, the metal for delivery in October declined by Rs 33, or 0.12 per cent, to Rs 27,717 per 10 grams in five lots.
Market analysts said the fall in gold futures was mostly due to profit-booking by speculators and a weak trend overseas.
Meanwhile, gold prices fell to $1,315.51 an ounce in Singapore.
Base Metals & Energy 
DAILY BUZZ
CRUDE OIL
Crude oil futures were trading lower in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market amid speculation that the infighting in Iraq may not crimp supplies from the OPEC’s second biggest crude producer as the oil-rich southern part remains safe from violence. The first rise in US crude oil stockpiles since May last week signaled weakening demand for the fuel in the world’s biggest crude consumer. At the MCX, Crude Oil futures, for the July 2014 contract, is trading at Rs 6,355 per barrel, down by 0.14 per cent, after opening at Rs 6,355, against a previous close of Rs 6,364. It touched an intra-day low of Rs 6,351.
ZINC
Zinc futures ended lower in the domestic market on Friday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Economic confidence in the Euro area fell in June, signaling a faltering recovery in the 18-member economy, clouding the demand outlook for industrial metals. The gauge measuring Euro area economic confidence fell to 102 this month from 102.6 in May, EU said. At the MCX, Zinc futures for June 2014 contract closed at Rs. 131.40 per 1 kg, down by 0.08 per cent, after opening at Rs. 131.35, against the previous closing price of Rs. 131.50. It touched an intra-day low of Rs 130.75.
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Friday, June 27, 2014

COMMODITY MCX DAILY REPORT 27/JUNE/2014

Precious Metals

DAILY BUZZ

GOLD
Gold prices fell by 0.30 per cent to Rs 27,667 per 10 grams in futures trade today amidst a weak trend overseas and profit-booking by speculators.
At the Multi Commodity Exchange, gold for delivery in August eased by Rs 84, or 0.30 per cent, to Rs 27,667 per 10 grams with a business volume of of 269 lots.
Likewise, the metal for delivery in October was down by Rs 67, or 0.24 per cent, to Rs 27,770 per 10 grams in 7 lots.
SILVER
Silver futures fell 0.52 per cent to Rs 44,419 per kg today as speculators reduced positions on weak cues from global markets.
At the Multi Commodity Exchange, silver for delivery in July eased by Rs 234, or 0.52 per cent, to Rs 44,419 per kg in a business turnover of 464 lots.
Similarly, the white metal for delivery in September lost Rs 227, or 0.50 per cent, to Rs 44,925 per kg in 91 lots. 

Base Metals & Energy 

DAILY BUZZ 
COPPER
Copper futures rose in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal tracking a firm trend in the overseas market as stockpiles monitored by exchanges in London, Shanghai and New York fell to the lowest level since October 2008, dropping for a tenth straight session, signaling shrinking supplies of the refined metal. A weaker dollar boosted the demand for the industrial metal as an alternative asset. Weaker greenback makes copper cheaper for those holding other currencies, thus dimming demand. At the MCX, copper futures for June 2014 contract is trading at Rs. 421.80 per 1 kg, up by 0.38 per cent, after opening at Rs. 420.50, against the previous closing price of Rs. 420.20. It touched an intra-day low of Rs. 421.95.
CRUDE OIL
Crude oil futures rose in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity amid concerns that deepening unrest in northern Iraq may crimp crude supplies from the OPEC’s second biggest crude producer. Investors are eying the US jobless claims and consumer spending data to be released today which may show strength in the world’s biggest economy, lifting the demand outlook for the fuel. US jobless likely fell last week while consumer spending rose in May. At the MCX, Crude Oil futures, for the July 2014 contract, is trading at Rs 6,443 per barrel, up by 0.23 per cent, after opening at Rs 6,438, against a previous close of Rs 6,428. It touched an intra-day high of Rs 6,450.

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Monday, June 23, 2014

COMMODITY MARKET DAILY UPDATE AND REPORT 23/june/2014

Precious Metals

DAILY BUZZ
GOLD
Gold futures prices rose 0.23 per cent to Rs 27,720 per 10 grams today as speculators engaged in enlarging their positions after precious metal rose to two-month high in global markets.
At the Multi Commodity Exchange gold for delivery in far-month October rose by Rs 63, or 0.23 per cent, to Rs 27,720 per 10 grams with a business turnover of 9 lots.
In a similar fashion, the metal for delivery in August contracts moved up by Rs 39, or 0.14 per cent, to Rs 27,650 per 10 grams with a trade volume of 629 lots.
Market analysts said the rise in gold futures was mainly in line with a firming trend in overseas markets as expectations that borrowing costs in the US will remain low, fueled demand for bullion as an alternative investment.
Meanwhile, gold climbed to USD 1,322.12 an ounce in Singapore, the highest level since April 15, after a 3.3 per cent jump yesterday that was the biggest increase since September last year. 

Base Metals & Energy 

DAILY BUZZ
ZINC
Tracking a firm global trend, zinc prices were higher by 0.77 per cent to Rs 130.40 per kg in futures trade today as speculators created positions.
Besides, increased demand from consuming industries in the spot market supported the uptrend.
At the Multi Commodity Exchange, zinc for delivery in June rose by Re 1, or 0.77 per cent to Rs 130.40 per kg in business turnover of 1,857 lots.
In a similar fashion, the metal for delivery in July contracts traded higher by the same margin to 131.10 per kg in 231 lots.
Globally, zinc for delivery in three months climbed 0.9 per cent to USD 2,173 a metric tonne, the highest since February 2013 on the London Metal Exchange (LME).
Meanwhile, stockpiles tracked by the LME have dropped 28 per cent this year to the lowest since December 2010. 

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Friday, June 20, 2014

DAILY COMMODITY MCX REPORT FOR 20/june/2014

Precious Metals

DAILY BUZZ
GOLD
Gold futures were trading higher in the domestic market on Thursday as investors and speculators booked fresh positions in the precious metal tracking a firm trend in the overseas market after the US Federal Reserve said that it is likely to keep interest rates at very low levels for a lengthy period even after QE ends, bolstering the appeal of the bullion as a store of value. Gold futures for August 2014 contract, at MCX, is trading at Rs. 26,885 per 10 grams, up by 0.22 per cent, after opening at Rs. 26,827, against the previous closing price of Rs 26,826. It touched an intra-day high of Rs 26,888.
SILVER
Silver futures closed higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal after the US Federal Reserve maintained its key benchmark interest rate unchanged near zero, boosting the demand for the precious metal as an alternative asset.
At the MCX, Silver futures, for the July 2014 contract, closed at Rs. 42,685 per kg, up by 0.14 per cent, after opening at Rs. 42,461, against the previous closing price of Rs 42,627. It touched an intra-day high of Rs 42,850.

Base Metals & Energy 
 DAILY BUZZ

COPPER
Amidst a weak trend in the global market and subdued spot demand copper prices fell 0.61 per cent to Rs 404.90 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in June shed Rs 2.50, or 0.61 per cent, to Rs 404.90 per kg business turnover of 2,910 lots.
Similarly, the metal for delivery in August traded lower by Rs 2.15, or 0.52 per cent, to Rs 408.90 per kg in 278 lots. Globally, copper for delivery in three months fell 0.3 per cent, to USD 6,691.50 a tonne on the London Metal Exchange while in Shanghai, metal for delivery in August declined 0.4 per cent to 47,950 yuan (USD 7,701) a tonne.
LEAD
Tracking a weak trend overseas and sluggish domestic demand, lead fell 0.75 per cent to Rs 125.40 per kg in futures trade today after participants reduced their exposures.
At the Multi Commodity exchange, lead for delivery in June shed 95 paise, or 0.75 per cent, to Rs 125.40 per kg in business turnover of 325 lots. 

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Wednesday, June 18, 2014

TODAY'S MCX PRECIOUS AND BASE METALS REPORT 18/6/2014

Precious Metals

DAILY BUZZ
GOLD
Gold futures prices today fell by 0.23 per cent to Rs 26,834 per 10 grams as speculators offloaded their positions to book profits amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in far-month October fell Rs 61, or 0.23 per cent, to Rs 26,834 per 10 grams in business turnover of seven lots.
Similarly, metal prices for delivery in August declined by Rs 55, or 0.20 per cent, to Rs 26,776 per ten grams in 181 lots.
SILVER
Silver prices declined 0.28 per cent to Rs 42,085 per kg in futures trade today as speculators booked profits amid a weak trend in the global markets.
At the Multi Commodity Exchange, Silver prices for delivery in July traded lower by Rs 119, or 0.28 per cent, to Rs 42,085 per kg in business turnover of 341 lots.
Similarly, the white metal prices for delivery in September declined by Rs 93, or 0.22 per cent, to Rs 42,325 per kg in business volume of 12 lots. In the international market, silver prices traded 0.40 per cent lower at USD 19.58 an ounce in Singapore.  
Base Metals & Energy 

DAILY BUZZ
ZINC
Zinc futures prices today edged up by 0.36 per cent to Rs 126.70 per kg today as speculators enlarged positions, amidst a firm global trend and better domestic demand.
At the Multi Commodity Exchange, zinc for delivery in June increased by 45 paise, or 0.36 per cent, to Rs 126.70 per kg, with a business turnover of 302 lots.
Likewise, the metal for delivery in July traded higher by 45 paise, or 0.35 per cent, to Rs 127.45.
Traders said besides improved demand in domestic spot market, a firming trend in base metals overseas on speculation that demand will stabilise in China and the US, the world's largest metal consumers, supported the upside in zinc futures here. 

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