Base Metal Settle with Positive Trend

Aluminium May contract ended at Rs 122.50 per kg, down Re 0.30 and moved in the range of Rs 122.80- 122.30 per kg. Total volume recorded 223 lots.

Copper June futures settled at Rs 416.25 per kg, up Re 0.45. It traded in the range of Rs 415.80- 405.70 per kg. Total volume so far recorded 4,364 lots.

Lead May closed at Rs 112.85 per kg, up Re 0.30 and traded between Rs 113.10- 112.40 per kg. Total volumes recorded 380 lots.

Nickel May contract ended at Rs 1,203.50 per kg, up Re 0.70 and traded between Rs 1,206.50- 1,199.60 per kg. Total volumes recorded 2,194 lots.

Zinc May contract closed at Rs 101.30 per kg, up Re 0.25 and traded between Rs 101.40- 100.80 per kg. Total volume recorded so far 598 lots.


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MCX Commodity News & Bullion Review

MCX Commodity News

Gold approached $1,570 an ounce, extending a rally to a record, on bets that the dollar will extend a slump, enhancing the allure of the metal as a store of value. Silver posted for the biggest monthly gain in 28 years.

The greenback headed for the fifth consecutive monthly decline against a basket of six major currencies. The Federal Reserve signaled this week that borrowing costs will remain at a record low for an extended period. Gold capped the biggest monthly gain since November 2009.

Gold futures for June delivery rose $25.20, or 1.6 percent, to settle at $1,556.40 at 1:42 p.m. on the Comex in New York, the biggest gain since Jan. 28. After the settlement, the metal reached a record $1,569.80. The price surged 8.1 percent in April and advanced 3.5 percent this week, the most since February 2010. Gold for immediate delivery climbed as much as 2.2 percent to an all-time high of $1,569.32.

Gold futures for June delivery rose $25.20, or 1.6 percent, to settle at $1,556.40 at 1:42 p.m. on the Comex in New York, the biggest gain since Jan. 28. After the settlement, the metal reached a record $1,569.80. The price surged 8.1 percent in April and advanced 3.5 percent this week, the most since February 2010. Gold for immediate delivery climbed as much as 2.2 percent to an all-time high of $1,569.32.Gold has climbed 33 percent in the past year, and silver has more than doubled.

In New Yourk Oil & Gold at higher

Oil and gold closed for the week Friday on a higher note while silver recorded the highest in 28 years. Brent crude for June rose 87 cents to settle at $125.89 a barrel, gaining 7.3 percent for the month, touching a 2011 high of $127.02 on April 11.

Light sweet crude for June delivery closed at $113.93 a barrel on the New York Mercantile Exchange while gold futures for June delivery rose $25.20, or 1.6 per cent, to settle at $1,556.40. Silver posted for the biggest monthly gain in 28 years. Spot silver, which has rocketed nearly 60 percent so far this year, rose 1.5 percent to $48.49 an ounce, having earlier hit a record $49.51 an ounce.

Brent crude for June rose 87 cents to settle at $125.89 a barrel, gaining 7.3 percent for the month, touching a 2011 high of $127.02 on April 11.

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MCX Gold, Oil Global Review

Gold review

Gold futures rose to a record for the third straight day on bets that the dollar will extend a slump, enhancing the allure of the metal as an alternative asset. Silver headed for the biggest monthly gain in 28 years. The greenback headed for the fifth consecutive monthly decline against a basket of six major currencies. The Federal Reserve signaled this week that borrowing costs will remain at a record low for an extended period. Gold headed for the biggest monthly gain since November 2009.

Oil Review

Oil was poised to rise for an unprecedented eighth straight month as better-than-expected consumer spending signaled fuel demand may increase. Futures traded near a 31-month high after purchases climbed in March as Americans spent more on food and fuel, according to a Commerce Department report. Equities advanced and the dollar weakened against other major currencies, boosting the appeal of commodities as an alternative investment. HXZH34FFD2CV

Trading volume was reduced today because of a public holiday in the U.K. for the wedding of Prince William and Catherine Middleton. Electronic trading of oil on the ICE wasn’t affected. The U.K. and other countries from Germany to China will be closed May 2 for May Day.

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MCX Commodity Bullion Trend

Spot Gold prices traded higher by 0.2 percent today, mainly on the back of weakness in the US dollar. But sharp gains were capped due to stable sentiments in the global equity markets. Prices hits an intra- day high of $1537.80/oz and are hovering around $1536/oz till 4.00 pm IST. On the MCX, Gold Jun contract traded on a flat note and was hovering around `22,280/kg today.

Crude oil prices traded slightly higher by 0.2 percent on the Nymex today, on account of weaker dollar and stable global financial markets. Prices touched an intra-day high of $112.88/bbl and closed at $112.82/bbl till 4.00 pm IST. On the MCX, oil prices traded lower by 0.1 and touched an intra-day low of Rs4994/bbl today.

The LME is closed today for Britain's royal wedding and this will led less volatility in base metals trading today. Due to this factor, base metals are expected to trade sideways today.

Crude oil prices are expected to come under pressure today, on the back of demand concerns from the US. But sharp declines will be cushioned due to dollar weakness. We expect gold to traded higher today mainly on account weakness in the dollar on the back of low interest rates. Inflationary pressure will also boost inflation- hedge demand for gold.

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MCX Tips Follow up

Book profit From Current CMP on Your Silver Tips

MCx tips

Buy Silver 
At - 72340
Tgt - 72465.50, 72640, 72935
Sl - 72210.05


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MCX Tips Follow up

Second Target Also Achieved from Our Silver Tips.

Book Profit

Book Partial Profit from First Target

MCX Silver Tips

silver Buy
At - 67650
tgt - 67770, 67910, 68175.50
SL - 67405

MCX Commodity Bullion Trend

MCX Commodity Trend

Gold Trend

Gold June futures on COMEX lost their winning streak and edged down by 0.37 percent yesterday to $1,503.5 per troy ounce from $1,509.1 per troy ounce on 25th Apr, 2011 while Silver tumbled much more in comparison to the yellow metal. Silver May futures on COMEX also pared their prior day gains and fell by a sharp 4.45 percent to $45.050 per troy ounce yesterday from $47.149 per troy ounce on 25th Apr, 2011. Holdings at SPDR Gold ETF remained unchanged at 1,229.64 yesterday while profit taking was seen in iShares Silver ETF which saw redemption of 138.08 tonnes to make the holdings stand at 11,251.98 tonnes on 26th Apr, 2011. Gold/Silver ratio rose yesterday to 33.34 from 31.85 on 25th Apr, 2011 indicating less investment demand for the white metal.

Silver Trend

Silver prices likely to face resistance at $46.6/troy ounce and $48.15/ troy ounce level on COMEX May futures i.e. at Rs.69,053/kg and Rs.71,366/kg. in MCX May contract. While on lower side prices can take support at $44.0/troy ounce and $41.5/ troy ounce level i.e. at Rs.65,375/kg and Rs.61,697/kg. in MCX May contract.

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MCX Bullion Trend for the day

MCX Fundamental News

Gold and Silver futures on COMEX climb to a record yesterday on weaker dollar and debt concern while inflation fears also supported the Precious Complex.

U.S. Existing Homes Sales and U.S. MBA Mortgage Index rebounded from their prior figures but still the U.S. Housing Market remained in blue.

Gold Trend

Gold June futures on COMEX continue to shine and rise with flying colours and ended the day with a 0.25 percent gain to $1,498.9 per troy ounce yesterday from $1,495.1 per troy ounce on 19th Apr, 2011. Silver May futures on COMEX also ended in green and rose by 1.25 percent to close at $44.461 per troy ounce on 20th Apr, 2011 from $43.913 per troy ounce on 19th Apr, 2011. Investment demand for the white metal continued to be strong and Gold/Silver ratio edged down to 33.4 yesterday from 34.11 the prior day which was also seen in the ETF holdings change. Where the SPDR gold ETF holdings remained unchanged iShares Silver holdings saw an addition of 66.77 tonnes which made the holding stand at 11,183.69 tonnes yesterday. Declining greenback coupled with inflation concerns and uncertainty in U.S. economy and Euro Zone Debt crisis are supporting the Precious Metals.

Silver Trend

Silver prices likely to face resistance at $45.30/troy ounce and $46.13/ troy ounce level on COMEX May futures i.e. at Rs.66,594/kg and Rs.67,543/kg. in MCX May contract. While on lower side prices can take support at $43.73/troy ounce and $42.20/ troy ounce level i.e. at Rs.64,765/kg and Rs.62,936/kg. in MCX May contract.

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MCX Commodity Base Metal Trend

MCX Bullion Trend

Spot Gold prices traded on a flat note today and touched an intra-day high of $1496.70/oz and are hovering around $1494.10/oz till 4.00 pm IST. On the MCX, Gold June contract also traded on a flat note and was hovering around `21,795/10 gms.

Base metals delivered mixed performance on the LME with copper and aluminium trading in the green while zinc, lead and nickeltrading in the red. Mixed global market sentiments exerted pressure on the metal prices. But sharp declines were cushioned due to weakness in the US dollar.

We expect base metals to trade lower today, mainly on the back of weak global market sentiments. But sharp declined will be cushioned due to a weaker dollar.

We expect gold to trade higher mainly on the back of weak global financial markets sentiments which would boost safe haven demand for the yellow metal today. In addition to this, concerns with regard to ongoing Euro Zone debt crisis will also provide further support to prices.

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MCX COMMODITY TIPS

Silver - Buy
At - 63000
tgt - 63110, 63260, 63520
Sl - 62780


if price goes down then wait for buying level which is mention on the tips


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Free Commodity tips

Silver Buy


At - 62660
Tgt - 62755, 62 880
SL - 62490 

Free Commodity tips

Silver Buy


At - 62240
Tgt - 62350, 62480, 62650
SL - 61940

MCX Commodity Bullion Trend

MCX Bullion Trend

Gold Trend

Gold June futures on COMEX continued to end in green for the second consecutive day on 14th Apr, 2011 and rose by 1.15 percent yesterday to close at $1.472.4 per troy ounce from $1,455.6 per troy ounce the prior day. Silver May futures on COMEX also ended in green and rose sharply by 3.55 percent to $41.664 per troy ounce from $40.237 per troy ounce on 13th Apr, 2011. Holdings at SPDR ETF remained unchanged at 1,212.96 tonnes on 14th Apr, 2011 but redemption of 3.34 tonnes was seen on 13th Apr, 2011. Holdings at iShares Silver trust saw an addition of 4.55 tonnes to 10,974.26 tonnes yesterday which indicated renewed investment demand for the white metal. Gold/Silver ratio edged down to 35.25 yesterday from 36.02 on 13th Apr, 2011 which also testified the strong investment demand for silver in comparison to gold.

Silver Trend

Silver prices likely to face resistance at $42.43/troy ounce level on COMEX spot i.e. at Rs.62,105/kg in MCX May contract. While on lower side prices can take support at $40.67/troy ounce level i.e. at Rs.60,376/kg in MCX May contract.

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MCX TIPS

Silver buy


At - 61080
Tgt - 61180, 61250, 61430
SL - 60850

MCX Commodity Bullion Trend

MCX Bullion Trend

Gold is marginally lower in all currencies today except sterling after UK retail sales plunged the most on record in March due to deepening inflation. Consumer’s finances in the UK and internationally are being negatively impacted by food and energy inflation showing the UK’s vulnerability to a double dip recession and stagflation. Gold rose 0.5% in sterling over the £900/oz mark again.

Silver has recovered somewhat from yesterdays sell off and is nearly 1% up against major currencies and 1.5% higher against the pound. Yesterday’s selling was likely primarily due to speculators taking profits and locking in recent gains.

Silver's price has risen right along with gold's, but it remains well within reach of the smaller investor. Silver has the added advantage of having many industrial uses, so as the economy picks up again, silver will be even more in demand. Let's take a look at several ways you can choose to invest in silver.

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MCX Commodity Trend

Gold June futures on COMEX rose by 1.01 percent to $1,474.1 per troy ounce on 8 th Apr, 2011 from $1,459.3 per troy ounce the prior day while Silver also ended the week in green and rose by 2.67 percent to $40.608 per troy ounce from $39.552 per troy ounce the prior day. Holdings at iShares Silver Trust increased to record high on 8th Apr, 2011 and rose by 50.09 tonnes to 11,242.89 tonnes while holdings at SPDR Gold ETF remained unchanged at 1,217.21 tonnes. Gold/Silver ratio edged down further to 36.18 on 8th Apr, 2011 indicating strong investment demand for the white metal. The ratio stood at 36.88 on 7th Arp, 2011.

Silver prices likely to face resistance at $41.81/troy ounce level on COMEX May futures i.e. at Rs.61,800/kg and Rs.62,700/kg in MCX May contract. While on lower side prices can take support at $39.7/troy ounce level i.e. at Rs.60,500/kg and Rs.59,870/kg in MCX May contract.

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MCX Tips

Buy Silver
At - 57960
Tgt - 58020, 58200, 58380
SL - 57820

Free Commodity Tips

MCX Commodity Tips, Base Metal Trend

MCX Bullion Trend 

Gold June futures and Silver May futures on COMEX touched an intraday high of $1,463.7 troy ounce and $39.785 per troy ounce yesterday. Euro which had earlier got pressurized yesterday rebounded later in the evening on the prospects of an interest rate hike by the European Central Bank scheduled today. Euro rose against the dollar by 0.79 percent while Dollar Index fell by 0.51 percent. A weaker greenback coupled with the ongoing Middle East Crisis supported the Precious Metals complex.

Gold/Silver ratio edged down further to a 28 year low and closed at 36.96 yesterday from 37.07 the prior day indicating strength in the investment demand for the white metal as compared to gold. Holdings at iShares Silver trust remained unchanged at a record high while that of SPDR Gold ETF saw a redemption by 7.28 tonnes to 1,205.47 tonnes which also testified the strong investment demand for Silver.

Silver Trend

Silver prices likely to face resistance at $39.7/troy ounce and $40.1/troy ounce level on COMEX May futures i.e. at Rs.58,061/kg and Rs.58,414/kg in MCX May contract. While on lower side prices can take support at $39.1/troy ounce and $38.4/troy ounce level i.e. at Rs.57,434/kg and Rs.56,807/kg in MCX May contract.

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MCX Commodity Base Metal Review

MCX Trend

Spot Gold prices came under pressure by 0.4 percent today, mainly due to strength in the US dollar. But sharp declines were cushioned on account of poor sentiments in the global equity markets. Prices touched an intra-day low of $1429.60/oz and were hovering around $1431.40/oz till 4.00 pm IST. Depreciation in the Indian Rupee led gold prices to trade with a positive bias on the domestic bourses. Prices touched an intra-day high of `20796/10 gms and were trading at `20,710/10 gms today.

Bullion Review

Silver jumped to its highest since early 1980 on Tuesday on inflation concerns, a rise in ETF holdings to another record and growing industrial demand, while gold hardly moved as the euro held below this week's five-month high versus the dollar. On Monday, Gold futures edged higher and silver soared 2% Monday as oil prices at 30-month highs stoked fears of inflation and helped fuel investment demand for the precious metals. Gold for June delivery added $4.10, or 0.3%, to $1,433 an ounce on the Comex division of the New York Mercantile Exchange. Silver for May delivery climbed 76 cents to settle at $38.49 an ounce, the latest in a string of 31-year highs.

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