Wednesday, 16 August 2017

Gold imports jump over 2-fold to $13.35 bn in April-July

India's gold imports more than doubled to USD 13.35 billion during the April-July period of the current fiscal, according to the data of the commerce ministry, reported PTI. Gold imports, which has bearing on the country's current account deficit (CAD), stood at USD 4.97 billion in April-July 2016-17. In July this year, imports of the precious metal rose to USD 2.10 billion from USD 1.07 billion in the same month of the previous year.

Gold prices inched up early on Wednesday after two days of losses, with investors awaiting minutes from the U.S. Federal Reserve's last meeting in July for clues on the pace of potential interest rate hikes.

Spot gold inched 0.1 percent higher to $1,272.81 per ounce by 0357 GMT, after falling for two straight days.

U.S. gold futures for December delivery was down 0.1 %at $1,278.50 an ounce.

                    Trading Ideas

* Gold trading range for the day is 28949-29229.

* Gold prices edged lower, pulling back from their highest level in around two months as concerns about tensions between the U.S. and North Korea eased.

* India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas.

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Thursday, 3 August 2017

TODAY COMMODITY MARKET NEWS

Zinc Trading Range for the day is 175.8-180.6. MCX Zinc is getting support at 176.9 and below same could see a test of 175.8 level, And resistance is now likely to be seen at 179.3, a move above could see prices testing 180.6.

Zinc on MCX settled down -0.78% at 178 on profit-taking in much of the complex following several patchy U.S. economic reports, although otherwise solid global growth reports and a weaker dollar underpinned prices.

Technically Zinc market is under long liquidation as market has witnessed drop in open interest by 2.69% to settle at 5248 while prices down 1.4 rupees.

 

Aluminum Market is under fresh selling as market has witnessed gain in open interest by 25.56% to settled at 2780 while prices down 0.85 rupees.Now MCX Aluminium is getting support at 121.6 and below same could see a test of 121.2 level, And resistance is now likely to be seen at 122.5, a move above could see prices testing 123.

Aluminum on MCX settled down 0.69% at 121.85 tracking weakness from LME Aluminium which ended down 0.6 percent at $1,907 despite supportive stronger demand from top consumer China.

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कमोडिटी मार्केट: सोने में गिरावट बढ़ी

BUY GOLD OCT ABOVE 28385 TARGET 28415 -28455-28500 WITH SL 28230

डॉलर के मुकाबले रुपया 2 साल की ऊंचाई पर है। एक डॉलर की कीमत 63 रुपये 60 पैसे के पास है। ऐसे में घरेलू कमोडिटी बाजार पर बड़ा असर पड़ा है। घरेलू बाजार में सोने में गिरावट बढ़ गई है और इसका दाम करीब 150 रुपये से ज्यादा टूट गया है।

 

वहीं चांदी भी करीब 350 रुपये नीचे है। सप्लाई प्रेशर की वजह से कच्चे तेल में भी कल से ही छोटे दायरे में कारोबार हो रहा है। वहीं एग्री कमोडिटी पर नजर डालें तो ग्वार में आज जोरदार तेजी आई है और इसका दाम करीब फीसदी उछल गया है।


कमोडिटी मार्किट की जानकारी के लिए यहाँ क्लिक करे www.marketmagnify.com मिस्ड कॉल करे :- 7879881122.

गौरतलब है कि अप्रैल से जून के दौरान ऊंची कीमतों के बावजूद सोने की मांग बढ़ गई है। वर्ल्ड गोल्ड काउंसिल ने कहा है कि इस दौरान भारत में सोने की मांग करीब 37 फीसदी और ज्वेलरी डिमांड करीब 40 फीसदी बढ़ गई है। वहीं इस दौरान निवेश मांग में भी बढ़त देखने को मिली है।

Wednesday, 2 August 2017

Mentha Oil News Update By Market Magnify

CALL:- SELL MENTHA OIL AUG BELOW 1132 TARGET 1128-1124-1115 WITH SL 1148. 

Mentha oil on MCX settled up by 4% at 1139.5 on lower arrivals in the major spot market of Uttar Pradesh while the demand has improved from mentha consuming industries and local buyers which may support prices in the near-term. According to the sources, arrivals are less in the major physical market of Uttar Pradesh. From demand front, buying activities are more from local stockists as well as from mentha consuming industries.

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Stock positions of mentha in MCX accredited warehouses were around 10484 drums which is 24 drums less in comparison to previous day while in process were 1116 drums, which is 264 drums more against the previous day. Expectations of higher output in 2017 will further dampen the sentiment moving ahead. Mentha output this year is likely to rise by 10-12% to 36,000 tn, as weather remained largely conducive throughout the season.

Mentha oil spot at Sambhal closed at 1297.70 per 1kg. Spot prices was up by Rs.30.90/-.Technically market is under short covering as market has witnessed drop in open interest by -1.27% to settled at 3883 while prices up 43.8 rupees, now Menthaoil is getting support at 1087.3 and below same could see a test of 1035 level, And resistance is now likely to be seen at 1165.7, a move above could see prices testing 1191.8.

                           Trading Ideas

  1.  Menthaoil trading range for the day is 1035-1191.8.

  2. Mentha oil spot at Sambhal closed at 1297.70 per 1kg. Spot prices was up by Rs.30.90/-.

  3.  Mentha oil prices gained on lower arrivals in the major spot market of Uttar Pradesh.

  4. According to the sources, arrivals are less in the major physical market of Uttar Pradesh.