Prices of Jeera or cumin have fallen 3% in the past couple of weeks in the midst of slowing exports at the back of the commodity prices rising to a record whereas Cardamom prices are ruling the roost on rising demand prior to Diwali Festivity even as arrivals have peaked due to late rains.The fall […]
Effective on firm dollar impact and a growing equity markets, the gold traded in red in the morning trade on Monday, slipping its lowest level in more than two weeks. The more stringent monetary policy ahead of the US Federal Reserve meeting increased pressure on Gold. Market players expect the Gold to trade volatile on […]
Wheat prices rose by 0.73% to Rs 1,647/quintal in futures market on Thursday following a pickup in demand at spot market. At the NCDX wheat for delivery for October gained Rs 12, or 0.73% to Rs 1647 per quintal with an open interest of 14,040 lots. Similarly, the wheat for delivery in Sept traded higher […]
As a result of Pulses with cheap imports, the government had restricted the imports of Toor Dal to 0.2 million tons, to make an impact on the domestic prices. The government has allowed imports of additional 40,000 to 44,000 tons of the Pulse. This was done to accommodate the orders already paid for by traders […]
Profit booking in precious metals dragged prices of gold down from its one-year high levels in early trade on Monday, 11 Sept 2017. MCX Gold was down 0.72%, or Rs 218, at Rs. 30,050 per 10 gram around today late morning, while MCX Silver was trading 0.97% down at Rs 41,168 per 1 kg.
MCX Crude oil futures dropped 3.25% to close at Rs 3040 per barrel. WTI crude futures climbed 0.67 percent to USD 47.80 a barrel. The global benchmark closed last week with a gain of 1.9%, after rising to a more than four-month high. Oil traders will also focus on monthly reports from the OPEC and the International Energy Agency to assess global oil supply and demand levels.
Meantime, Indian rupee weakened against the dollar today on fresh demand for the greenback from banks and importers. The rupee opened at Rs 63.87 against the dollar and registered an intraday high and low of 63.83 and 63.89 so far during the day.
Commodity Intraday Tips
SELL SILVER @ 41100 SL ABV 41380 TGT 40880-40580. CMP: 41100. MCX.
SELL NAT GAS @ 187 SL ABV 190.50 TGT 184.80-181.50. CMP: 187. MCX.
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