Today's Mcx Market - Gold Silver Update

Gold is looking positive on bargain hunting and prospects of good demand from India ahead of the peak festive season. The metal surged in electronic moves today as US senate leader’s restarted talks to reopen the government and hike the US debt ceiling.

Gold was little changed on Thursday as U.S. lawmakers moved closer to passing a deal that would end a two-week long government shutdown and deflect the country from defaulting on its debt. Gold will drop in each of the next four quarters and reach a four-year low as reduced U.S. stimulus in response to faster growth curbs demand for bullion as a haven, the 10 most-accurate forecasters.

Mcx silver future on last trading session closed at 47321 with gains of 40 rupees. Mcx silver future intraday high was at 47540 while low was near 46900.total 600 rupee intraday range and closed with gains. Here expect technical bounce back upto 48500.

Mcx gold future on last session closed at 28959 with gains of 73 rupees.mcx gold future intraday high was 29089 while low was 28652.here 400 rupee intraday range and closed with gains.Here expect rally to continue upto 29200-29500.

The metal has tumbled 29 percent this year. West Texas Intermediate crude rose after Senate leaders reached a deal to increase the U.S. debt ceiling and end the government shutdown. Copper climbed to the highest level in two weeks after the U.S. Senate endorsed an accord aimed at preventing a debt default in the world’s second-largest user of the metal.

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Indian Mcx Market and Trading Tips

In India there are two major markets or in other words we can trade in two markets, one is stock market or equity market and other is Mcx market. If you want to invest more amounts and earn maximum profit then the Indian Mcx market is best for you. Before the trading in Indian Mcx market you should be aware about the trading tips for Mcx market.

1. It is the first step for trading. You should have full information about the market where you are trading. You should have knowledge about MCX and NCDEX which are two major parts of Mcx market and also information about the products which are comes in it.

2. After select your commodities you have three to six contracts open that will be invalid or expired after the certain period of time. Then you required to set an order to purchase or sell or you can do both at the same time.

Market trading involves huge risk and a lot of people make losses in the MCX trading just because they are not able to get the proper and accurate advice on what to trade and how to trade. Most of the traders in Mcx Markets in India trade just for the sake of trading and end up making huge losses.  We are here to provide Mcx Tips and NCDEX Tips, so join us. www.capitalheight.com .

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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