Commodity Market of India – Trade Smartly

Seems break in gold's movement before US Federal Reserve meeting which will start from 16 September. In The international market, it remains at the lowest level in the past 1 month. Silver is also weighed. MCXgold looks flat around Rs 26060. With the modest gains, mcx silver rate for today is reached at Rs 34735.

The estimated decrease in demand cause of declining of crude oil prices. Especially Brent crude has come down to $ 47. While Nymex crude is on 0.50 per cent growth. Today, employment in the Eurozone and retail sales figures in the US are coming. MCX crude oil live prices is trading around Rs 2946 with hike of 0.80 per cent. With 0.55 per cent higher, mcx natural gas is trading around Rs 185.

In terms of mcx base metals, aluminum is trading around Rs 110. with 0.20 per cent grow. While mcx copper prices is trading around Rs 360 with hike of 0.60 per cent . With 0.50 per cent hike, lead is trading around Rs 112. The nickel with 0.79 per cent grow, looks around Rs 665. Around 0.47 per cent hike, zinc is visible at Rs 118.

Today it is a weakness in the rupee. But If talk about agri commodity prices, during the last week prices of gram has dropped a around 15 per cent. CNBC-Awaaz and FMC strictness cause of increasing pressure on gram prices. Also it had an impact on the other pulses. Started new arrivals of Guar in the indian market. With a slight rise, October futures of NCDEX turmeric is trading around Rs 8056. October futures of MCX mentha oil was flat around Rs 938.

MCX Commodity Tips in India:

• MCX Silver Tips (November futures): BUY - 34550, stoploss - 33850, Target - 36000
• MCX Natural Gas Tips (September futures): BUY - 180, stoploss - 172, Target - 198
• MCX Mentha Oil Tips (October futures): SELL - 942, stoploss - 953, Target - 910
• NCDEX Turmeric Tips (October futures): BUY - 7940, stoploss - 7840, Target - 8240