MCX Expert Tips

The European markets traded lower today as investors are focusing on the outcome for the Federal Open Market Committee meeting.
Spot Gold prices retreated from its earlier gains and came under pressure today, mainly on account of a stronger dollar and mixed sentiments in the global markets. The yellow metal touched an intra-day low of $1651/oz and was trading at $/1652oz. On the MCX, Gold February contract dropped by 0.6 percent and was hovering around Rs27,210/10. Silver prices declined around 0.4 percent today, taking cues from fall in gold prices, a stronger dollar and downside in base metals. The white metal touched an intra-day low of $31.62/oz and was trading at the level of $31.70/oz. MCX Silver March contract slipped around 0.8 percent and touched a low of Rs54,866/kg .

Commodity Rs (%Chg) Unit
Gold - 4 Feb 27630.00 (0.90%) 10 grams
Silver - 5 Mar 56447.00 (1.95%) kg
Crudeoil - 20 Feb 4991.00 (0.32%) barrel
Naturalgas - 24 Feb 137.30 (3.31%) mmbtu
Copper - 29 Feb 423.45 (0.24%) kg

Gold
Weakness in the US dollar helped gold prices to witness gains in the international markets on Monday. A weaker dollar makes dollardenominated commodity cheaper for the holders of the other currencies. Additionally, rise in crude oil prices also boost inflationled demand for gold yesterday. The yellow metal touched an intraday high of $1680/oz and closed at $1675/oz on Monday. On the MCX, Gold February contract rose around 0.2 percent yesterday as further gains were capped due to appreciation in the Indian Rupee. The yellow metal touched an intra-day high of Rs27,593/10 gms and closed at Rs27,509/10 gms yesterday. Holdings in the New York's SPDR Gold Trust, the world's largest goldbacked exchange-traded-fund, declined about 0.4 percent to 1,251.52 tonnes on 23rd January 2012 from 1,255.64 on 20th January.
Silver
Spot silver prices rose around 0.7 percent on Monday, on the back of rise in gold prices coupled with a weaker dollar. Additionally, silver being an industrial metal also took cues from upside on base metals. The white metal touched an intra-day high of $31.74/oz and closed at the level of $31.2/oz yesterday. On the MCX, Silver March contract rose around 1.3 percent and touched an intra-day high of Rs56,489/kg on Monday.
Today we are execting Gold Silver prices trading are lower.
Commodity Rs (%Chg) Unit
Gold - 4 Feb 27366.00 (0.52%) 10 grams
Silver - 5 Mar 55349.00 (0.39%) kg
Crudeoil - 20 Feb 4973.00 (0.94%) barrel
Naturalgas - 24 Feb 132.40 (2.48%) mmbtu
Copper - 29 Feb 422.20 (0.25%) kg

Gold futures rose on Friday, ending the week close to a five-week high as markets remained focused on talks between Greece and its bondholders on restructuring the country's debt.
Crude futures dropped Friday as the dollar resumed its safe-haven status amid a euro sell off, while fears that Iran may close the vital Strait of Hormuz began to wane further, pushing oil down even more.
Natural gas prices bounced from decade lows Friday,as bargain hunters speculate the bottom has been set.
MCX SILVERMIC February contract was trading at Rs 53419.00 up Rs 17.00, or 0.03%. It touched an intraday high of Rs 53814.00 and an intraday low of Rs 53351.00. So far 57502 contracts have been traded.
Commodity Rs (%Chg) Unit
Gold - 4 Feb 27489.00 (0.15%) 10 grams
Silver - 5 Mar 55487.00 (1.21%) kg
Crudeoil - 20 Feb 4978.00 (0.56%) barrel
Naturalgas - 25 Jan 117.90 (0.17%) mmbtu
Copper - 29 Feb 418.25 (0.24%) kg

MCX GOLDM February contract was trading at Rs 27556.00 down Rs 36.00, or 0.14%. It touched an intraday high of Rs 27620.00 and an intraday low of Rs 27595.00.
MCX GOLDGUINEA January contract was trading at Rs 22028.00 down Rs 35.00, or 0.16%. It touched an intraday high of Rs 22097.00 and an intraday low of Rs 21985.00.
MCX GOLDM April contract was trading at Rs 27910.00 down Rs 33.00, or 0.10%. It touched an intraday high of Rs 27992.00 and an intraday low of Rs 27866.00.
MCX GOLDM March contract was trading at Rs 27764.00 down Rs 29.00, or 0.11%. It touched an intraday high of Rs 27803.00 and an intraday low of Rs 27691.00.

Gold prices dropped on Monday, extending Friday's losses into a new week as uncertainty surrounding Europe's future coupled with optimism brimming over from recent U.S. jobs data fueled more demand for dollars and less for gold.

MCX SILVERM February contract was trading at Rs 51893.00 up Rs 14.00, or 0.04%. It touched an intraday high of Rs 51940.00 and an intraday low of Rs 50400.00.

Natural gas prices rallied sharply on Friday, rebounding from a 28-month low, as forecasts for colder-than-normal boosted near-term demand expectations for the heating fuel.

Crude futures fell early Monday, as markets cast aside supply fears stemming from Iran's threats to close the Strait of Hormuz and instead sold oil on sentiment that Europe's debt woes will mean less economic output, which will mean less demand for crude and its derivatives.

MCX SILVER March contract was trading at Rs 52028.00 up Rs 698.00, or 1.37%. It touched an intraday high of Rs 52160.00 and an intraday low of Rs 51494.00.

MCX SILVERM June contract was trading at Rs 54173.00 up Rs 830.00, or 1.54%. It touched an intraday high of Rs 54468.00 and an intraday low of Rs 53945.00

MCX SILVERMIC June contract was trading at Rs 54177.00 up Rs 703.00, or 1.31%. It touched an intraday high of Rs 54295.00 and an intraday low of Rs 53553.00.

MCX SILVERMIC February contract was trading at Rs 52060.00 up Rs 703.00, or 1.38%. It touched an intraday high of Rs 52100.00 and an intraday low of Rs 51418.00