Thursday, March 17, 2011

Free Tips Commodity

On 16th March 2011 (Wednesday), the domestic commodity markets closed with a positive note. Most of the indexes, at MCX, closed in the positive zone compared to the previous close price except MCXENERGY. Yesterday, at MCX future, MCXCOMDEX closed at 3,413.01 (up by 0.14%), MCXMETAL closed at 4,345.05 (up by 0.44%), MCXAGRI closed at 2,775.88 (up by 0.09%) and MCXENERGY closed at 3,140.83 (down by 0.23%).

Yesterday, precious metals closed with positive note in the domestic market as speculators started to take fresh long positions at the lower price level on the back of tracking global cues. Gold for April future surged as much as 0.99% to $1,406.6 per ounce on the Commodity Exchange (COMEX) on the back of mounting violence in Bahrain and aftermath of Japan’s earthquake, boosted the demand for precious metals as a safe haven investment.

At Multi Commodity Exchange (MCX), gold future for April contract closed at Rs. 20,652.00 per 10 grams, up by 0.22%, after opening at Rs. 20,636.00 against the previous close price of Rs. 20,605.00. It touched the intra-day high of Rs. 20,734.00 with a business volume of 31,960 lots.

At COMEX, gold future for April contract closed yesterday at $1,396.1 per ounce, up by $3.3, after opening at $1,394.8 against the previous close price of $1,392.8 per ounce. It touched the intra-day high of 1,406.6 with a business volume of 248,089 lots.

Silver for May contract, at MCX, closed at Rs. 52,203.00 per kg, up by 0.22%, after opening at Rs. 52,128.00 against the previous close price of Rs. 52,084.00. It touched the intra-day high of Rs. 52,925.00 with a business volume of 103,179 lots.

Yesterday, The top gainers at MCX were Silver Micro for June contract (3.49%), Cardamom for April contract (2.73%), Silver Micro for April contract (2.72%), Lead for May contract (2.59%) and Lead M for March contract (2.23%).

The top losers at MCX were Iron ore for April contract (-15.73%), Iron ore for March contract (-11.74%), Potato for April contract (-4.0%), Potato for May contract (-4.0%) and Potato for May contract (-3.85%).

The top gainers at NCDEX were Pepper for March contract (4.0%), Pepper for April contract (4.0%), Pepper for May contract (4.0%), Pepper for July contract (4.0%) and Pepper for June contract (4.0%).

The top losers at NCDEX were Potato for August contract (-4.0%), Potato for June contract (-4.0%), Potato for May contract (-3.99%), Potato for March contract (-3.99%) and Potato for July contract (-3.99%). 

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