Friday, October 5, 2012

MCX Gold Hit the Resistance Level: Crude oil is On Boom

For gold and crude oil in the international market today is very important day. Today is the last trading day of the week and will be arriving in the U.S. employment figures. European Central Bank to buy bonds in the euro zone have indicated plans to finish off. Meanwhile, the domestic market has weakened the rupee against the dollar, gold and crude oil at MCX are gained. However, gold and crude oil in the international market is a declining trend. Compared to yesterday, crude oil has seen a recovery. MCX Crude oil prices rose 0.5 per cent from 4744's. However, high levels of RS reaching 6 months of continued pressure on crude oil. NYMEX has seen a drop in crude oil and remains at 91.36 dollars a barrel.

Today has seen mild gains in gold and silver. In the domestic market, gold is trading 0.5 percent higher at Rs 31 235. The silver with a gain of 0.5 per cent reached the level of 62 383. The international market has seen a decline in gold and silver.

Rapid trend in base metals is to be seen today. Copper, Nickel, Zinc and Lead is trading at a modest growth in the 0.3 to 0.7 per cent was recorded. Currently, with a gain of 0.5 per cent on MCX gold is trading at Rs 31 250. With 0.5 per cent to Rs 62,400 while silver is approaching. MCX crude oil is trading at Rs 4730 with marginal gains. 0.3 to 0.6 per cent in the base MCX Metlsm come, but only 0.1 per cent lead has slipped.

The Chinese government's new marketing season as soon as it has stopped its export registration. Today, there is a sharp decline in Chinese. October sugar futures dropped 2.5 per cent on NCDEX has come down to Rs 3,330. If the November futures price has come down to Rs 3,300. Spot markets in sugar prices today declined by Rs 40-50.


Copyright © MCX NCDEX Commodity Tips Design by O Pregador | Blogger Theme by Blogger Template de luxo | Powered by Blogger