MCX GOLD AND SILVER TIPS, NATURAL GAS UPDATE, BASE METAL TIPS, COAL UPDATE, NCDEX WHEAT UPDATE, OIL TIPS.
Monday morning seems quit good for the commodity market. The precious metal is increases by 1-2%. Currently MCX Gold is working at 30399.00 by the change of 68 points and MCX Silver working at 58447.00 having the change of 197 points.
If we’ll talk about Base Metals then they are also showing green shaded. Aluminium increases by 0.25 points at 109.10, Copper by 1.30 points at 437.90, Nickel gains 1.20 points at 934.40 and Lead gains 0.20 points at 127.30.
India is going to charge 10% import custom duty on Thailand Gold Jewellery. But the hike in custom duty of gold may accelerate the trend.
World’s largest Coal Miner company, Coal India Limited has finalized a production target of 492 million tones starts on April 1.
The company is going to supply near about 464 million tonnes of Coal this year with the increase of 7%. The company has produced 20 million tonnes last year.
The Natural Gas production seems quite good as the temperature start to rise in the Western region of the country. The Market observed a recovery in production of natural gas.
On Monday, the price of Oil is rises above $96 ahead. International varities of oil is fell down by 10%. MCX Natural gas, delivery on January was spotted trading at Rs. 182.70 loss of 2.04% and on the NYMEX it seems at $3.409 loss of $0.057 or 1.64%.
NCDEX Wheat price is rose up today by 0.39% at Rs 1550. The Wheat for March delivery gain Rs 5 at Rs 1481 per quintal. Export demand may rise for wheat.
The Metals are trading flat so, it’s good to SELL Gold and Silver as well as Copper at Rs 438 It’s a good level.