Spot gold down 0.7%, Indian Rupee Weakens In Early Trades- MCX NCDEX Calls Today

The Indian rupee weakened on 7th Nov. 2016, opening at Rs. 66.75 against the dollar but climbed to a high of 66.6775, on fresh demand for the American currency from importers. 

Spot gold was down 0.7% at USD 1,295.01 in the earlier in the session, and the metal hit a low of USD 1,287.86. 

Crude oil futures extended their losses under USD 50 per barrel last week amid continued selling pressure and weakness in equities. Crude Oil settled at INR 2,942 per barrel, down 1.14 percent. A high of INR 3,000 per barrel levels was noted during the day. 

Investors around the world are watching the US elections cautiously, and many have reacted to the prospects of a Donald Trump presidency with horror, concerned about his strange and economically questionable proposals.

Gold Opens best Investment avenue! Dhanteras and Diwali 2016

Indian gold market is all set to welcome yet another climax in the Festival of lamps, during Dhanteras and Diwali, around the corner. Indian gold prices follow global trends always, while its demand were mainly driven by local factors such as festivals and marriage seasons. 

The prices of Gold prices moved slowly on Thursday to extend losses from the earlier session as the US dollar balanced against the yen, but underlying demand for bullion was witnessed as strong ahead of festive season. The precious Gold 22 carat recovered to ended at Rs 29,893 per 10 gram in the market now. 

With the current rally in the domestic equity market, gold becomes a good investment avenue. Over the long term, investing a part of savings in gold always brings good returns. simultaneously, it generates security against erosion of purchasing power to the exchange rate or inflation.  

However, Gold delivered 15% returns compound annual growth rate over the last 15 years and after negative returns for 3 consecutive years, gold has set positive returns this year, adding up excitement of investors. 

Equities report on Zinc, Copper, Jeera, Turmeric: MCX NCDEX Calls Today

As per Achievers Equities report, Zinc surged on worries about shortages and as a cut in capacity across China’s steel and coal sectors buoyed prices. Zinc trading range for the day is 153.5 - 160.1. 

China’s imports of refined zinc at 3,50,500 tonnes between January - September this year, up more than 14% from the same period last year. Global refined zinc stocks are expected to fall as mine supply shrinks after several giant mines were shut in the past year. 

Copper trading range for the day is 309.5 - 322.3. Copper gained amid talk of further fiscal stimulus by top consumer China fuelled buying of commodities. Fiscal and monetary stimulus in the country has enhanced investment and demand for base metals and supported prices this year. As per ICSG data, copper production and usage data indicates to an apparent production deficit of nearly 264,000 metric tonnes. 

Jeera prices dropped due to expectations of higher sowing and weak export buying. Jeera trading range for the day is 17,165 – 17,495. As per market source, acreage under jeera is anticipated to increase 10 - 15% in Gujarat and Rajasthan due to better realization. NCDEX accredited warehouses jeera stocks dropped by 54 tonnes to 2,371 tonnes. Trading range of Turmeric for the day is 7128 - 7300. Turmeric dropped due to better crop prospects due to higher sowing and positive weather conditions in the producing centers.

Asia's oil markets tightens as China cuts output, fuel stocks decline

From sharp cuts to Chinese oil production to falling inventories of refined fuel products, there is an extent of possibility that Asia's oil markets are slowly returning to balance.  Global inventories of refined products have all fallen since the start of the month. They are now at or below levels seen this time last year, as per Thomson Reuters data. The drawdown come after China, this week reported a 9.8% fall in the output for Sept, amounting to one of the deepest cuts on record.  

The falling stocks in most oil trading hubs, including Singapore, Europe's Amsterdam, Rotterdam, Antwerp, and in the US, as well as China's declining production, are indications of a market coming closer into balance following 2 years of consistent crude and refined product oversupply.  Analysts are of view that the tighter markets were on account of both strengthening demand and tightening supplies. 

Wednesday 15 july 2015 Today Mcx Gold Silver Calls, Ncdex Future prices

On Wednesday morning Mcx commodity market faces fluctuation and traded at up and down side with different prices. Gold and silver both bullion commodity going on different paths and traded opposite side .

Crude oil and natural gas both energy commodity traded at up and down side and recently crude oil going upside with 30.00 points while natural gas going down side with 0.70 points down side.

 

In ncdex market, some of commodity faces down prices and some of faces positive prices. Barley,castor seed,Gold,Gold Hedge,Jeera,Kapas,Mustard seed, Ref soya Oil,Soy Bean,and turmeric all are stay in negative zone with lower prices.

14th july 2015 Mcx commodity market,gold and silver calls for today

At 1:15 PM Mcx Commodity market traded at down side with lower prices and mostly commodities are goes down side. Mcx Gold and silver both commodities are stay in negative zone with lower prices and silver goes down side with -248.00 points.

Both energy commodity like crude oil ,natural gas and all base metals like aluminium,copper,nickel,lead and zinc traded at down side with lower prices and stay in negative zone.

Mcx Mentha oil and Cotton both mcx commodity goes above side with optimistic prices and recently traded with positive prices. Mentha oil going up with 4.00 points while cotton also goes upside with 40.00 points.

India unrealistic to get Gas from Central Asia before FY20: Ind-Ra

India won't get gas for the following four to five years from vitality rich Central Asia through the proposed $10bn Turkmenistan–Afghanistan–Pakistan–India (TAPI) pipeline, as indicated by India Ratings and Research(Ind-Ra). The TAPI pipeline is unrealistic to be appointed by the proposed course of events of FY18, and India will keep on depending on local gas and importe

The ability of Turkmenistan state concern to value its gas in a way which would guarantee its cost aggressiveness in nations where the gas is at last sold is crucial for the undertaking to take off. Turkmenistan is a net exporter of characteristic gas and its economy relies on upon such fares and subsequently may keep costs high.