Market Update

Market Watch

Friday 28 February 2014

MCX Trading Tips: Gold Moves towards the Biggest Monthly Gain

Gold was little changed on Friday but was on track for its biggest monthly gain since July after investors and speculators chased prices higher on concerns about the pace of the U.S. economy and unrest in Ukraine.

Cash gold was nearly flat at $1,330.86 an ounce by 0338 GMT, down from a four-month high of $1,345.35 struck on Wednesday. 

Gold has gained 7 percent in February, its biggest monthly rise since the 7.2 percent added in July.

 Today’s Trend for Gold: 
 GOLD (APR)
 Trend: Consolidate | Strategy: Buy on dips
 R1- 30370, R2- 30750 | S1-29850, S2- 29580


Get daily updates on MCX Market and Free MCX Bullion Tips on mobile with best accuracy. All services are provided through SMS and Instant Messenger. For more information visit us at http://www.capitalheight.com/bullion-premium.php.
 

Monday 24 February 2014

MCX Bullion Tips: Gold Drops Today in 3 Weeks



Gold inched lower on Monday after posting a third straight week of gains, but the precious metal may get support from worries over the pace of the U.S. economic recovery and China's growth.

Gold eased 0.29 percent $1,321.35 an ounce by 0224 GMT as speculators booked profits from last week's rally, which lifted prices to a 3-1/2 month high at $1,332.10. Gold has gained more than 9 percent so far this year.

Gold premiums in Singapore, a centre for bullion trading in Southeast Asia, were also unchanged from last week at $1.20 to $1.50 an ounce to the spot London prices.

Today’s Trend for Gold:
GOLD (APR)
Trend: Consolidate | Strategy: Buy on dips
R1- 30270, R2- 30750 | S1-29650, S2- 29180

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Friday 21 February 2014

Watch Current Updates of MCX and Commodity Market

 •Gold edged down on Friday, pressured by a firmer dollar and following a rise of almost 1 per cent in the previous session, but the precious metal was close to flat for the week after two weeks of gains on a patchy recovery in the global economy. 

Gold futures fell for the second straight day as concern that the Federal Reserve will press on with cuts in U.S. monetary stimulus damped demand for the metal as an alternative asset.
 

Silver futures for March delivery fell 0.8 percent to $21.684 an ounce. Yesterday, the price dropped 0.2 percent, ending an 11-session rally that was the longest since March 2008.
 

Oil prices were mixed in Asian trade Friday as dealers weighed concerns that the Chinese economy may be losing strength against upbeat US stockpiles figures, analysts said. 
 

Natural gas futures slipped from a five-year high in New York after a government report showed an inventory decline that was less than prediction.
 

Copper futures fell to a one-week low after manufacturing shrank more than estimated in China and some Federal Reserve officials advocated further curbing of U.S. economic stimulus.

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Wednesday 19 February 2014

MCX Market: Gold and Silver Updates Today


Gold moves upward in early trade on Wednesday but remained near the highest level in more than three months as lingering worries about global economic growth burnished its safe haven appeal.

Gold eased 0.06 percent to $1,320.20 an ounce by 0012 GMT. It touched $1,332.10 an ounce on Tuesday, the strongest since October 31, before shedding some of the gains as investors booked profits from a three-day rally.

Silver for immediate delivery gained 0.5 percent to $22.0448 an ounce, the highest price since Nov. 6, before trading 0.7 percent lower at $21.7721.

MCX SILVERM April contract was trading at Rs 48225 down Rs 504, or 1.03 percent. The SILVERM rate touched an intraday high of Rs 48599 and an intraday low of Rs 48073. So far 2422 contracts have been traded. SILVERM prices have moved up Rs 5225, or 12.15 percent in the April series so far.

Get daily updates on MCX Market and Free MCX Bullion Tips on mobile with best accuracy. All services are provided through SMS and Instant Messenger. For more information visit us at  http://www.capitalheight.com/bullion-premium.php.








Monday 17 February 2014

MCX Tips: Recent Updates on Gold


Gold hit a 3-1/2 month peak on Monday as fears over U.S. economic growth and a weaker dollar added to the metals' safe-haven appeal, extending its gains after rising the most in six months last week.

Spot gold rose 0.6 percent to $1,326.40 an ounce by0340 GMT, after hitting $1,329.55 earlier in the session.

Gold premiums in India, the world's second-biggest consumer of the metal after China, fell 17 percent on Friday to their lowest in four months as buyers postponed purchases on speculation over a possible cut in import duty soon.

Today’s Trend for Gold
GOLD (APR)
Trend: Consolidate | Strategy: Buy on dips
R1- 29570, R2- 29850 | S1-28950, S2- 28580

For more frequent and recent updates on gold, MCX Tips and Bullion Premium Tips you may visit us at

Thursday 13 February 2014

MCX Bullion Market: Gold Hikes in a Three Month Today


Gold was hovering near a three-month high on Thursday as investors weighed prospects for further cuts to U.S. stimulus and signs of waning physical demand. Silver headed for the longest run of advances since 2008. 

Bullion for immediate delivery traded at $1,291.55 an ounce at 10:23 a.m. in Singapore from $1,291.18 yesterday, when prices climbed to $1,296.32, the highest level since Nov. 8. Gold is up 7.1 percent this year after a 28 percent slump in 2013 that was the biggest annual drop since 1981. 

Silver added 0.2 percent to $20.2888 an ounce, increasing for a tenth day. Platinum slid 0.1 percent to $1,405.38 an ounce, halting a four-day climb. Palladium was at $728.75 an ounce from $729.06 yesterday, when prices capped a sixth day of gains in the longest winning streak since July.

Get daily updates on MCX Market and Free MCX Bullion Tips on mobile with best accuracy. All services are provided through SMS and Instant Messenger. For more information visit us at  http://www.capitalheight.com/bullion-premium.php .

Thursday 6 February 2014

MCX Bullion Market Latest Updates by Money CapitalHeight


 •Gold held steady on Thursday as global equities remained volatile amid lower risk appetite and concerns over economic growth, and as investors waited for cues from U.S. jobs data. 

•Spot gold had eased 0.2 percent to $1,255.24 an ounce by 0323 GMT. Gold rose nearly $20 an ounce on Wednesday after a weak U.S. jobs report but pared most of the gains on other strong numbers.

•Platinum was trading flat as government-brokered talks between mine union AMCU and the world's three biggest platinum producers to end a two week wage strike in South Africa have adjourned to allow for individual consultations.

•Silver was also steady, holding on to overnight gains from the biggest one-day jump in nearly four weeks. 


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