From the base metals part, the vast majority of the metals shut on a positive note yesterday as the investors avidly anticipated the Fed’s meeting minutes for crisp signs on the metals. Copper, once more astounded numerous as it kept on ascending notwithstanding not all that solid essentials, primarily in light of the fact that Japan brought down its copper yield estimate for 2015 by around 0.6% as some expansive smelters declared transitory shutdown of operations for upkeep plans.
Be that as it may, vulnerability about the timing of a US intrigue rate increment has kept bullion not a long way from a seven-week high above $US1,200 an ounce.
On the MCX, gold prices ascended by 1.11 percent to close at Rs.27016/10 gms owing to Rupee depreciation.
Spot silver prices dove by 1.3 percent yesterday to close at $16.8/oz. The fall is in pair with decrease in gold prices. Furthermore, quality in the dollar list by an incredible 1.3 percent likewise went about as a negative element at prices.
On the MCX, silver price fell by 0.6 percent to close at Rs.37687/kg yet Rupee depreciation confined sharp fall.
We expect gold and silver prices to trade lower owing to quality in the dollar before the Federal Reserve distributes minutes of its March meeting. Additionally cash managers cut their net-long positions in U.S. gold futures and options by 73 percent since the end of January. On the MCX, gold prices are required to trade lower today taking signs from global markets.
U.S. raw petroleum creation (counting lease condensate) expanded amid 2014 by 1.2 million barrels every day (bbl/d) to 8.7 million bbl/d, the biggest volume increment since record keeping started in 1900, as indicated by an information by US Energy Information Administration(EIA).
On a rate premise, yield in 2014 expanded by 16.2%, the most noteworthy development rate following 1940. The greater part of the increment amid 2014 originated from tight oil plays in North Dakota, Texas, and New Mexico where water powered cracking and even penetrating were utilized to create oil from shale arrangements.
On monday 30-03-2015 mcx commodity market traded at down side with lower prices.Mcx Gold and silver both precious metals are traded at down side with lower prices.
Mcx Gold goes down side with -129.00 points and stands with 26440.00 points while silver traded at down side with -401.00 points down side and stands with 37994.00 points.
Mcx Cotton recently traded in positive zone with positive prices and recently cotton goes above side with 120 incremented points and stands with 15400.00 points.
Today Mcx Gold and silver both precious metals are traded at down side with lower prices and here silver goes down side with -152.00 points down side and stands with 38451.00 points.
Crude oil in morning time opens with 3214.00 points and its last previous closed price is 3253.00 points and recently crude oil goes down side with -72.00 points and stands with 3181.00 points.
Otherside all base metals also traded at down side with negative side while mentha oil opens with 811.50 points and last previous closed price is 812.20 points and recently mentha oil stands with 815.00 points.
Today Mcx Commodity market traded at down side with lower prices and mostly mcx commodity traded at down side with lower prices.mcx gold and silver both are traded at down side with in negative zone.
Mcx Silver traded at down side with -239.00 points down side and recently stands with 37772.00 points.crude oil also traded at down side with -11.00 points and stands with 2984.00 points.
Otherside only mentha oil and cotton traded at upside with optimistic prices and cotton goes upside with 40.00 incremented points and stands with 15100.00 points.
Today in early morning time, if we talking about ncdex commodity market, so market looking at up and down side with different prices.Castor seed,chana,coriander,cotton seed oilcake,Gaur gum,Jeera,Mustard seed,all are traded at upside with optimistic prices and remaining all commodities are in negative zone.
Barley for all contracts traded at down side with lower prices and stands with in negative zone with lower prices.
Otherside in mcx commodity market, gold and silver both precious metals are traded at down side with lower prices and stands with in negative zone.
Cotton and mentha oil traded at upside with optimistic prices and recently cotton traded at upside with 20.00 points upside and stands with 15250.00 points.
Today mcx commodity market traded with up and down side with different prices. Mcx gold and silver traded at down side with lower prices.
Mcx gold goes down side with -72.00 points and stands with 26110.00 points and while silver also traded at down side with -353.00 points and stands with 37436.00 points.
Other side mcx crude oil in morning time opens with 2930.00 points and its last previous closed price is 2948.00 points.Recently mcx crude oil traded at down side with -56.00 points and stands with 2892.00 points.
While crude oil also traded at upside with 86 incremented points and recently stands with 2948.00 points.
All base metals like,aluminum,copper,nickel.lead and zinc all are traded at upside with optimistic prices and nickel goes upside with 21.20 points upside.
Cotton Outlook’s reality creation number for 2014/15 has been brought down by 89,000 tons, basically owing to decreases for India and Uzbekistan. In the 2014-15 season Cotton look gauges India’s supply in March to fall by -85,000 tons from the earlier month.
Cotton look estimates 6,800,000 for India in the month of February 2014-15 and 6,715,000 tons in March.
World crude cotton utilization has been raised by 51,000 tons for 2014/15 and 45,000 for 2015/16. This increment is attributable mostly to Vietnam.