Mcx Market Watch Gold Silver

Mcx Market Updates:

·Gold advanced the most in a week
·Silver futures for December delivery rose 0.4 percent
·Copper futures rose for the third straight session
·Lead, nickel and zinc climbed in London.

The planetary positions suggest that the gold prices may increase during the period between 10:00 to 13:00. There may only be some ordinary ups and downs during the period.

Gold, whose safe-haven appeal is usually burnished during times of geopolitical and economic uncertainty, has failed to gain despite protracted wrangling over the fiscal deadlock in the United States.  It has dropped about 4 percent to below $1,300 an ounce since a partial government shutdown began on Oct. 1.

From Opening to 12:50, the silver prices will go down initially and the market will later move in the upward direction. By the end of this time-slot, the silver prices will be back to where they were. Silver for immediate delivery dropped as much as 0.5 percent to $21.1636 an ounce, and was at $21.233. A sixth day of declines would be the worst streak since April. 

Today’s Trend for Gold and Silver

GOLD (DEC)

Trend: Consolidate | Strategy: Buy on dips

R1- 28970, R2- 29350 | S1-28130, S2- 27650

SILVER (DEC)

Trend: Consolidate | Strategy: Buy on dips

R1- 47950 R2- 49500 | S1-46350, S2- 45280

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Today MCX Market Updates- Gold Fluctuates between Gains and Losses

Gold was tumbling near three-month lows on Monday despite the failure of weekend talks in Washington to reach an agreement to avert a U.S. debt default and as large sell orders in the previous session rattled investors.

Gold is heading for the first annual loss since 2000 on expectations that the Federal Reserve will slow the pace of its $85 billion monthly bond purchases. Holdings in the SPDR Gold Trust, the biggest bullion-backed exchange-traded product, fell to 890.98 metric tons on Oct. 11, the lowest since February 2009.

Silver for immediate delivery lost as much as 1.1 percent to $21.1084 an ounce and was at $21.1269, after earlier climbing 0.8 percent. Platinum traded little changed at $1,369.55 an ounce, while palladium was also little changed at $711.75 an ounce.

Mcx Commodity Market seeing in dull side, mostly commodities are traded down side and some of commodities are traded in upside. Gold and silver both commodities are closing with red shade and crude oil also closed with lower points, and have 130 points change. Gold and Silver both precious metals are closed with 492.00 and 1373 points change.

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Mcx Market -Gold Silver Updates & Market News for Today

Gold futures fell to a one-week low on speculation that the U.S. will avert a default, eroding demand for the precious metal as a haven. Silver futures for December delivery climbed less than 0.1 percent to $21.896 an ounce. The price has dropped 28 percent this year. West Texas Intermediate rose from a three-month low on signs that lawmakers were getting closer to an agreement to increase the U.S. debt ceiling. Copper rose in London, rebounding from a three-week low, on speculation U.S. politicians will agree to increase the government’s borrowing limit and avoid a debt default. Copper stockpiles tracked by the LME, at the lowest level since March, slid for a 26th session to 512,450 tons, daily exchange data showed.

Gold has been trading in a tight range since the U.S. shutdown began last week, with investors believing worries over raising the debt ceiling would be only short-lived.

Spot gold had risen 0.4 percent to $1,291.24 an ounce by 0318 GMT, after dropping for three straight sessions. The metal was headed for a 1.5 percent weekly drop - its sixth decline in seven weeks, bringing the year's losses to 23 percent.

Today’s Trend for Gold and Silver
GOLD (DEC)
Trend: Consolidate | Strategy: Buy on dips
R1- 29270, R2- 29650 | S1-28580, S2- 28150

Silver futures for December delivery climbed less than 0.1 percent
SILVER (DEC)
Trend: Consolidate | Strategy: Buy on dips
R1- 49350 R2- 51500 | S1-47350, S2- 46280

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Mcx Market Watch

Oil and Gas price Forecast:

Recently the state-owned GSPC acquired a stake in Gujarat gas company however,there are many questions in the minds of investors about the possible synergies between the two and possible mergers.As the transition process is still underway,investors seek to know about the strategy for growth and possible change of guard at the management level.

The management has provides a forecast on oil and gas process where it expects Brent and RLNG prices to remain stable till 2017.however remain a concern is that the process are expected to move sharply on the domestic front.many feel that this would impact the performance of the company and reduce the margins,considering that GGCL sources 50 percent from domestic markets.

PRECIOUS-Gold set to end week lower but U.S. shutdown stems losses.

Gold is set for its biggest weekly drop in three weeks but declines have been kept in check by a partial U.S. government shutdown that threatens to hurt economic growth, increasing bullion's safe-haven appeal.

The metal's 1.5 percent loss for the week so far was largely due to a single massive Comex sell order on Tuesday that sent prices below $1,300 an ounce, but it quickly recovered as the budget impasse in Washington dragged on.

"I think it is very sensitive to sharp dips right now as there is no China to support," said one precious metals trader in Hong Kong. "Since we have been on a data-watch for tapering news, that could dampen sentiment as well."

Fed officials have said this week that the lack of data was making it difficult to read the economy and the Fed might have to keep monetary policy for longer to help offset the harm caused by political fighting in Washington

.

    Spot gold eased 0.1 percent to $1,315.44 an ounce by 0307 GMT after sharp swings earlier in the week.

The shutdown of the U.S. government appeared likely to drag on for another week and possibly longer as lawmakers consumed day three of the shutdown with a stalling game, raising fears that the impasse could hurt a more significant mid-October deadline to raise the U.S. debt ceiling.

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