Free Trial Tips For Commodity

Gold for April future surged as much as 0.96% to $1,429.7 per ounce on the Commodity Exchange (COMEX) in electronic trading on the back of mounting violence in Libya after the U.S, U.K., Italy and France’ forces launched a military campaign against the Muammar Qaddafi’s air force, boosted the demand for precious metals as a protection of wealth. While, investors are also monitoring the unfolding nuclear crisis in Japan.

At Multi Commodity Exchange (MCX), Gold future for April contract is trading at Rs. 20967.00 per 10 grams, up by 0.57%, after opening at Rs. 20,879.00 against the previous close price of Rs. 20,848.00. It touched the intra-day high of Rs. 20993.00 till the trading. (At 11:15 AM today).

Silver for May contract, at MCX, is trading at Rs. 53,774.00 per kg, up by 1.25%, after opening at Rs. 53245.00 against the previous close price of Rs. 53111.00. It touched the intra-day high of Rs. 53951.00 till the trading. (At 11:15 AM today).

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4635.00 per barrel, up by 1.56%, after opening at Rs. 4572.00 against the previous close price of Rs. 4564.00. It touched the intra-day high of Rs. 4642.00 till the trading. (At 11:16 AM today).

Copper futures declined in the domestic market on the back of following weak global cues. April future dropped as much as 0.51% to Rs. 433.10 per kg on the Multi Commodity Exchange (MCX) today as China increased the Cash Reserve Requirements last week in order to curb inflation in the country, raised concern that demand for copper will slow in China, world’s largest base metal consumer nation. 

Reserve requirements will increase half a percentage point from March 25, the People’s Bank of China said on its website on Friday. Consumer price index (CPI) surged to 4.9% in February, according to the statistics bureau.

Copper for April contract, at MCX, is trading at Rs. 433.40 per kg (down by 0.42%) after opening at Rs. 434.90 against the previous close price of Rs. 435.35 with intra-day high of Rs. 435.35 till the trading. (At 11:20 AM today).

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 189.40 per mmBtu, up by 0.91%, after opening at Rs. 188.90 against the previous close price of Rs. 187.70 per mmBtu. It touched the intra-day high of Rs. 189.80 till the trading. (At 11:21 AM today).

On 19th March 2011 (Saturday), the domestic commodity markets closed with a positive note. All the indexes, at MCX, closed in the positive zone compared to the previous close price. At MCX future, MCXCOMDEX closed at 3,492.44 (up by 0.41%), MCXMETAL closed at 4,437.72 (up by 0.25%), MCXAGRI closed at 2,828.48 (up by 0.50%) and MCXENERGY closed at 3,228.48 (up by 0.60%).

At NCDEX, Dhaanya, An agri-commodity index, closed at 1,136.90 (up by 1.01%).

Cardamom futures closed with positive note on Saturday in the domestic market. April futures surged as much as 1.78% to Rs. 1,148.80 per kg on the Multi Commodity Exchange (MCX) on the back of pick-up in spot demand, driven by domestic and export demand. Moreover, restricted arrivals from the major producing regions also kept the prices in positive zone.

At Multi Commodity Exchange (MCX), cardamom future for April contract closed at Rs. 1,137.20 per kg, up by 0.76%, after opening at Rs. 1,134.00 against the previous close price of Rs. 1,128.60. It touched the intra-day high of Rs. 1,148.80 with a business volume of 395 lots.

The top losers at MCX were Brent Crude oil for April contract (-3.87%), Wheat for April contract (-3.0%), Wheat for July contract (-2.86%), Crude oil for July contract (-0.38%) and Sugar MKOL for June contract (-0.35%).