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Tuesday 28 April 2015

Accurate Live Mcx Trading Tips of Indian Bullion Market

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In Mcx Market Gold prices fell by Rs 110 to Rs 27,050 per 10 grams at the bullion market here today on easing demand from jewellers and retailers even as the metal strengthened overseas. However, silver prices recovered by Rs 150 to Rs 36,500 per kg on scattered buying from industrial units. Traders said slackened demand from jewellers and retailers at prevailing higher levels mainly weighed on gold prices but a better trend overseas, restricted the fall.
Gold futures for June delivery on the Comex division of the New York Mercantile exchange eased 0.28% to $1,199.80 a troy ounce, dipping below $2,000 after solid overnight gains. Elsewhere, silver for July delivery fell 0.42% to $16.370 a troy ounce. Copper for July delivery dropped 0.14% to $2.777 a pound. Overnight, gold prices soared on Monday erasing all of its losses from a precipitous fall last week.
Oil prices fell in Asia today after a senior Saudi official signaled that the world's top crude exporter has no intention of cutting production despite a global supply glut. Oil prices have shed about half their value since last June as global supplies of the commodity, boosted by strong production in the United States and the OPEC cartel, outpace demand.
MCX SILVER May contract was trading at Rs 37113 down Rs 35, or 0.09 percent. The SILVER rate touched an intraday high of Rs 37156 and an intraday low of Rs 37035. So far 1300 contracts have been traded. SILVER prices have moved down Rs 1896, or 4.86 percent in the May series so far.

Thursday 16 April 2015

Best Live Mcx Market Trading Tips Updates

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Today in Mcx Gold prices today fell by Rs 180 to trade at Rs 26,870 per 10 grams at the bullion market in the national capital on low demand from jewelers amid a weak global trend. Silver, too, declined by Rs 60 at Rs 36,800 per kg. Bullion traders attributed the fall in prices of the yellow metal to a weak global trend, where gold ruled below USD 1,200 an ounce, and subdued demand from jewelers and retailers.
Crude oil prices eased in Asia on early Thursday, with profit taking after a strong performance overnight linked to U.S. supply data. On the New York Mercantile Exchange, crude oil for May delivery fell 0.59% to $56.05 a barrel. Overnight, West Texas Intermediate oil futures rose to the highest levels of the session on Wednesday, after data showed that oil supplies in the U.S. rose less than expected last week.
The SILVERMIC rate touched an intraday high of Rs 36863 and an intraday low of Rs 36555. So far 3967 contracts have been traded. In line with an overall trend, silver ready declined by Rs 60 to Rs 36,800 per kg and weekly-based delivery by Rs 215 to Rs 36,345 per kg. Silver coins, however, traded at last level of Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces. SILVERMIC prices have moved down Rs 4073, or 9.98 percent in the June series so far.