Commodity Calls

Light shopping returns in the domestic market in gold is visible today. On MCX gold prices updates crossed the Rs 30,000. On Comaks gold above $ 1,620 is reached. Hlti edge after the start idling in silver is trading at Rs 53 620 to the price.

After initial weakness in base metals in the first round now appears firmly. Nickel is trading at 0.30 per cent, 0.15 per cent, while lead and aluminum have seen marginally faster. Copper and zinc continue to weaken in the business. The London Metal Exchange (LME) copper at 0.5 per cent of the business is on the decline.

NCDEX soybean declined today. September soybean futures have once again come down to Rs 4,000. USDA report in the world this year, more than 26 million tonnes of soybeans is estimated to be born. Which is 10 per cent more than last year. With the improvement in the weather with Brazil - also in India this year is expected to be good yields of soybeans. 

Gold has once again come under the spotlight. The price of gold has gone beyond Rs 30,000. Is about 0.5 per cent in the domestic market. In the international market, gold is gained. However, the catch is that when the gold price goes up to Rs 30,000, offloading occurs. In the international market gold price is still well below the record level, while the domestic market is trading close to record levels.

With a gain of 0.3 per cent on MCX silver updates is trading at Rs 53 660. MCX crude oil, with about 1 per cent to Rs 5,180 is exceeded. MCX base metals except nickel metal has weakened. Nickel is trading at Rs 857 to close 0.5 percent higher. 0.15 to 0.4 per cent decline in the metals.

Today NCDEX declined in the cumin. August Futures Rs 15,300 to Rs 15,600 cumin and September futures have dropped to the bottom. In the spot market, a sharp decline of nearly 300 bucks. Reduction in demand due to the high prices this fall is being considered.

At NCDEX Chilli August, September and October futures have declined around 2 per cent. NCDEX turmeric on September, October and November have been looking forward to 4 per cent upper circuit. September and October of the coriander futures has gained 1.5 per cent. 

International market has seen a slight increase in gold and silver. Comaks downs with gold on dollar trading at 1,612, while silver is around $ 27 with a gain of 0.25 per cent. Gold traded flat on Monday, with the domestic market closed above Rs 30,000 while silver declined by 0.23 per cent to Rs 53 367 today.

Naimaks crude oil is trading flat, the price is 92 dollars per barrel. MCX crude on Monday with a gain of 0.5 per cent to Rs 5165.

Copper on the London Metal Exchange are trading with a gain of 0.30 per cent, while 0.5 per cent of copper in the domestic market on Monday declined to Rs 412. 

At MCX Crude Palm oil is still falling 0.5 per cent. In fact, even today, Crude palm oil prices in the international market on the lower level has dropped 10 months. India and globally this year is estimated to increase soybean yields. India has 106 million hectares sown soybeans. While in Brazil, nearly 8 million tonnes this year, is expected to produce the record.

Copper sharp decline in early trading after the move has changed. Copper is trading up about 0.5 per cent now. In today's trading session copper has touched the level of Rs 410. Now showing on the London Metal Exchange copper edge. Free mcx calls for Zinc, lead and aluminum is seeing the fastest around 0.5-1 per cent.

Commodity calls for crude oil with 0.3 per cent to Rs 5,180 is reached. With a gain of 0.2 per cent on MCX gold is trading at Rs 30 120. With nearly 0.5 per cent to Rs 53,500 while silver has risen beyond.