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The bullion metals, gold and silver in the domestic market is growing strongly. An increase has been recorded in the crude oil but the base metals are still trading under pressure.

Currently, with a gain of 0.2 per cent, MCX gold is trading at Rs.30,560 while MCX Silver is at a gain of 0.4 per cent is trading at Rs. 57,835. MCX Crude oil has risen 0.5 per cent and is currently at Rs. 4630.Although base metals have declined 0.25-0.5 per cent on MCX.

Meanwhile on NCDEX turmeric with 1.5 per cent growth is trading at Rs 5,160. Similarly the red pepper is trading around Rs 5,070 with a gain of 1.5 per cent. However, NCDEX soybean and Soyatel have declined 1.5-2 per cent. MCX crude Pamtel has also slipped 1.5 per cent to Rs 421.50. With a gain of 0.1 per cent on MCX cardamom is trading at Rs 766.80.

Commodity Advice for 6th Nov 2012

MCX Copper (Nov Futures): Buy - 417, stoploss - 421 and the target - 411

MCX Zinc (November futures): Sell - 100.5 stoploss - 101.8 and target - 98.5

MCX cardamom (November futures): Sell - 750, stoploss - 760 and the target - 710

NCDEX evening updates:

NCDEX Castor Seed with growth of 1 per cent is trading at Rs. 3875.  Khali has climbed up around 1 per cent, Cotton December futures have surged down. NCDEX has seen the weakness in the spices. Cumin in December futures contract has slipped nearly 2 per cent to Rs 14,800. Turmeric and pepper declined by 1.5 per cent in the December futures.

NCDEX tips for today 17th Oct 2012

NCDEX Chana (November Futures): Buy - 4770-4775, stoploss - 4730 and target - 4850

NCDEX Chilli (November futures): Sell - 4895-4900, stoploss - 4958 and target - 4790

Commodity Market Evening Updates -

Watching the cues from global market and market sentiments, in the evening trade, we expect bullion metals and crude oil prices to trade firmly. On the additional note, weakness in DX may also work as a supportive factor for commodity market. On the Domestic Front, MCX Gold nearing towards rs 31100.

Gold Silver Recommendations By Experts :-

MCX Gold :- Buy at 30960, Stop loss 30900, Target 31060.
MCX Silver :- Buy at 59930, Stop loss 59700, Target 60200.

Silver selling pressure dominates, with a decline of 0.75 per cent in the domestic market silver is trading at Rs 60,745.

Crude oil prices are projected to decrease demand pressure remains. 2 per cent of China's crude oil imports in September fell. At MCX Mentha oil prices gained 2.25 per cent being.

MCX initial weakness in base metals is intact. All metals on MCX is trading with the red mark. Nickel has seen a decline of 0.65 per cent.
mcx tips
Despite the sharp decline in international market growth is being seen in NCDEX sugar futures in October. October sugar futures on NCDEX November futures is trading higher than Rs 100. Soybean yields due to the decline in prices is going to be under pressure. Although the domestic market at prices higher than the international market Soybin has declined. Sibot soybean prices slipped below $ 15.

MCX Tips for today:

Lead (MCX): Sell RS -115, -116 stoploss of Rs Rs Target -113

Silver (MCX): Sell -61 500 bucks stoploss of Rs -61 899, -60 800 bucks Target

Today in the commodity market mixed trend was seen in the base metals. The initial rapid decline was in copper. The lead and zinc are trading with losses, due to the selling pressure on the London Metal Exchange. Projected to decrease demand weakness in base metals pack.

With an increase of 0.25 per cent on MCX Copper is trading at Rs 435.75. Nickel has also gained 0.25 per cent. However, aluminum, lead and zinc slipped 0.1-0.5 per cent and are trading in red.

After yesterday's buoyancy, crude oil has come under pressure again. Both in the domestic and international markets business is weak. Today, the American Petroleum Institute report is forthcoming. It is believed that this time may be the crude oil stocks increases in U.S. The U.S. Energy Department report on Thursday will issue its report.

Gold and silver trading is now very weak. With a gain of 0.3 per cent on MCX gold is trading at
ncdex tipsRs 31,425. The slight decline with silver is trading flat at Rs 61,660.

Mounting position limit in the soy oil prices have gone up. Important thing is that soy oil prices in the international market is falling. Brazil and Argentina, including a record soybean crop this year is estimated to be in India. Affect in terms of currency, the highest in the country imported palm oil prices rose less than soy oil.

NCDEX soy oil at the moment with a gain of 1 per cent is trading above Rs 660. Gram festive season demand estimated to have support. Chana on NCDEX moved up 1.5 per cent to Rs 4,470 with doing business.

Commodity Tips Advice for 10th October 2012

MCX Gold (December futures): Sell - 31420, stoploss - 31 570 and the target - 31200

MCX Lead (October futures): Sell - 118.50 stoploss - and target 119.50 - 116.50

NCDEX soybean (November Futures): Buy - 3240, stoploss - 3170 and target - 3300

The decline in the international market had a negative effect on the bullion metals in the domestic market. The precious metal were in a state of weakness in case of  the gold and silver. In COMEX gold and silver than declined from 1.5 per cent and 0.4 per cent respectively. NYMEX, the crude oil slipped 0.5 per cent. Copper on the London Metal Exchange has weakened 0.6 percent.

The slight fall on MCX gold is trading at Rs 31,150. The silver is down 0.6 per cent to Rs 61,440 apart. With marginal gains of 0.1 per cent on MCX Crude oil is trading at Rs 4,680. 0.5-1 per cent decline in base metals on MCX is seen.

Meanwhile on NCDEX chilli declined by 1.5 per cent. 0.5 per cent in the cumin and turmeric has weakened. However, mustard and sugar on NCDEX has gained 1.5 percent.

Commodities Investment Advice

MCX Copper (Nov Futures): Buy - 435, stoploss - 438 and the target - 429

MCX Silver (December futures): Sell - 62 350, stoploss - 62 696 and the target - 61500

NCDEX Chilli (November futures): Sell - 5175, stoploss - 5200 and target - 5110

NCDEX Cotton (April futures): Buy - 919, stoploss - 909 and the target - 945

International market is trading flat in case of the bullion metals. The yellow metal and the white metal both were trading flat in the international market. In the COMEX gold was seen with a sluggish    sluggish gold is seen, although the price per ounce in 1797. Above $ 35 per ounce, while silver is currently trading flat.

International crude oil prices continue to pressure. NYMEX crude oil is trading down 0.20 percent down, prices are currently above 91 dollars a barrel.

London Metal Exchange (LME), with a gain of 0.30 per cent Copper was traded.

Buy and Sell advice for today:

1. Gold (December futures) MCX: Buy Rs -31 020 stoploss of Rs -30 900, -31 050 bucks Target

2. Silver (December futures) MCX: Buy Rs -61 890 stoploss of Rs -61 600, -62 400 bucks Target

free trialSpeculation in gold business at global level, which led to the growing trend of investors. During the trading price of gold climbed to 1791.20 dollars per ounce, which is the highest level since November 2011. However, it was trading at 1778.89 dollars per ounce.

Traders said gold tone of the market is hard to predict, but soon it could 1,800.00 per ounce mark. After showing flashes of gold has led to an increase in the strength of the euro. Figures to be released in the U.S. at the end of the week the job. They are expected to be positive. This has seen a rise in gold prices.

On the domestic bullion market here on account of Gandhi Jayanti was a holiday. Gold prices remain at record levels in the country. Subscriptions are out of this recession and investors. On the last business day of the gold price per ten grams to Rs 31,750 were registered. Silver price was Rs. 62,565 per kg.

During trading, guineas buying and selling prices remain unchanged and were constant. Traders say that the spot market is the lack of subscription. However, the new deal is being sought is more silver than gold. The silver prices are high.

share tipsGold and silver trading in the international market is weak. COMEX gold dropped 0.5 per cent to $ 1766, while silver broke nearly 1 percent to $ 34 per ounce level. Slowdown in the domestic market last week with gold closed at Rs. 31,223, while silver ended at Rs. 62,819 with a flat trading.

Crude oil slipped nearly 1 percent on NYMEX, the price is around 91 dollars a barrel. MCX last week, crude oil closed slightly down on 4825 levels.

London Metal Exchange (LME) copper slipped nearly 1 per cent on though Copper rose 0.26 per cent in the domestic market last week and closed above Rs 441.

Commodity MCX Tips for today:

1. Gold (December futures) MCX: Sell -31,550 to 31,600 rupees stoploss of Rs -31 700, -31 400 bucks Target

2. Crude oil (October Futures) MCX: Rs Sell -4910 to 4920 with stoploss of Rs -4970, -4820 Rs Target

Continued fluctuations in foreign markets and domestic demand is been observed. In the domestic bullion market gold price was down to three-week low. However, silver remained at the old price. Gold declined by Rs 250 per Rs. 31,850 in the local market fell ten grams. Gold reached to the lowest level  since September 3rd. Silver price were per kilo to Rs 60,600 remained stagnant.

Gold tipsIn London on the last day of trading in London during the gold recovered from the decline of 0.2 per cent to $ 1755.69 per ounce as entered.Meanwhile, silver rose 0.3 per cent to 34.04 dollars per ounce. Here, not gold offtake in the domestic market at the local level with a loss of Rs 31,850 to Rs 250 per ten grams left. Since September 3 gold has reached to the minimum level of Rs.31,610 rupees per ten grams.

Guinea also declined by Rs 50 to Rs 25,400 per cent. Silver remained at Rs. 60,600 rupees per kg. Silver coins were increased to Rs 1,000. Silver coin buying and selling at Rs. 77,000 and Rs. 78,000 rupees hundred. Businesses that do not subscribe to the local market. Traders complain about not having much customers in the market. Demand of the Bullion metals is low. Retailers are hesitant to come to the market. However, the festive season demand for jewellery is expected to increase.

Inspite of global level consistency between the domestic bullion market,  live gold - silver prices gained momentum today.
In the local market, gold gained Rs 160 to Rs 32,110 per ten grams crossing the mark level of  32 thousand . Silver too gained Rs 300 to Rs 60,700 per kg.

gold tips for todayAccording to information received from London, the international trade in gold was constant. Gold rose 0.1 percent to 1767.89 dollars per ounce. During the session at $ 34.03 an ounce, silver rose 0.3 percent. Market analysts say that, according to figures released by the International Monetary Fund in July fiercely central banks have been buying gold.

After the arrival of the IMF Statistics signs of revival in gold. The last few days had been turned to gold, but he showed it free.The gold was then 32 Hazari. Gold gained Rs 160 to Rs 32,110 per ten grams were spoken. Guinea gained Rs 50 to Rs 25,450.

Silver rose to Rs 300 per kg to Rs 60,700 registered. Silver coins firmed up to Rs 1,000 Coin buying and selling 76,000 77,000 rupees per cent are over. Businesses that do not subscribe to the local market. Customers are insisting on exchange. Remain far from wholesaler market. Retailers are hesitant to come to the market. All prices await correction.

NCDEX tips
Low demand in the international market for the precious metal effected the domestic market too. The yellow metal slipped Rs. 190 and reached the level of Rs. 31,950 and the white metal had the adverse effect and dropped Rs. 800 to Rs. 60,400 per kg.

According to information received from London, international business, gold dropped 0.8 per cent to 1758.51 dollars per ounce. Decline in silver was recorded more than gold. Silver fell 1.7 percent to $ 33.84 per ounce. Market analysts say the rise in the dollar was the reason for the fall in the bullion market maintaining the pressure on the stock and commodity markets.

The decline in overseas markets and locally the Rupee weakening growth in the past week is probably the reason for decline in the share market. Almost two weeks after gold descended below the level of 32 thousand. Gold prices fell by Rs 190 to Rs 31,950 per ten gram. Guinea too descended Rs 50 to Rs 25,400 recorded. No demand from silver Rs 800 per kg to Rs 60,400 slipped spoken.

Silver coins lost Rs 2,000 per cent. 75,000 to Rs 76,000 for buying and selling coins per cent are over.
Because of the high price of bullion traders subscribe to disappear from the market. People are waiting for lower prices. Asking bulk assay, while retail demand in coming.

The first trading day of the week and the selling pressure in the international commodity market has been unleashed. Gold has finally rose up in the international market. Crude oil has slipped on NYMEX.

NCDEX TipsCurrently gold has slipped 1 percent in the COMEX at the moment, and is trading at 1,763 dollars per ounce. COMEX broke about 2 per cent on the Silver level has fallen to below 34 dollars per ounce. Copper on LME declined by 0.75 per cent.

Meanwhile NYMEX slipped 1 percent on crude oil is trading at 92 dollars a barrel. Brent crude on the ICE dropped 1 percent to $ 110.50 an ounce at with doing business.

Commodity Advice for Monday:

MCX Crude oil (October futures): Sell - 4980, stoploss - 5020 and target - 4900

MCX Gold (October futures): Sell - 31550, stoploss - 31 700 and the target - 31300

Not only in India but throughout the world, investment in gold  has become the first choice of the world gold investors. That is why the investors are more keen in investing in the bullion market rather than stock market especially to invest in the yellow metal is increasing toll. Investors who meet the expected returns of investing in gold has doubled in the past three years. Industry organization is according to a study by ASSOCHAM.

MCX tipsAccording to the survey reports, whoever has invested from August to September between 2009 had invested their money in gold has now doubled their money. So over the world including India, gold is rising rapidly. On the other hand, this term investor in the equity market decline. Especially the smaller mid - cap stocks investing in retail investors have suffered much.

Three years back, the price of gold used to be around Rs. 15000-20000 which has now grown upto Rs.32,000.In 2009-10, the benchmark stock market index was at Rs.17,711 which is still the same after 3 years which remains more or less the case today. This is because the bank interest rate equal to the stock market investors could not get back the amount.

ASSOCHAM Secretary General DS Rawat said international uncertainty caused by domestic or global investors to invest in gold now looks the safest option. Investing in gold is likely to continue to grow rapidly. In the last financial year, nearly 60 billion dollars in the country was importing gold.


Strength in base metals have been noticed. London Metal Exchange copper prices have once again gone beyond $ 8,300. Rapid effect of the London Metal Exchange on the domestic market is also being witnessed. However MCX Aluminum fell 0.2 per cent. There is 0.25-0.5 per cent in the rest of the metals. Currently, with a gain of 0.25 per cent on MCX Copper is trading at Rs 453.30.

Following Thursday's sharp fall in crude oil has been rising. Hence, despite the weakness in the rupee has gained in MCX crude oil. NYMCX the crude oil above $ 94 is gone. With Brent crude is trading above $ 110. The 0.4 per cent on MCX crude oil is trading at Rs 5040 with strength.

Gold and silver trading is sluggish today. Rupee being weak as against dollar, strong pressure is being witnessed in gold and silver. Currently, with a decline of 0.2 per cent on MCX gold is trading at Rs 31 860. While the silver is trading flat at Rs 64,370.

Today there is a sharp decline in red pepper, red pepper yield this year, nearly 15 per cent is expected to come. The expiry date is September futures.

Commodity Tips:

MCX Copper (Nov Futures): Buy - 454.50 stoploss - 452 and the target - 458/461

MCX Nickel (September Futures): Buy - 975, stoploss - 961 and the target - 993/1000

MCX Zinc (September Futures): Buy - 113.10 stoploss - 112.20 and target - 114.20/115

MCX Lead (September Futures): Buy - 122.10 to 122.20, stop - and target 121.20 - 123.20 to 124

MCX Aluminum (September Futures): Buy - 113.30 stoploss - 112.40 and target - 114.50/115

MCX Crude oil (October Futures): Buy - 5045-5047, stoploss - 5010 and Goals - 5088/5110

Natural Gas MCX (September Futures): Buy - 152.50 stoploss - 150 and Goals - 155/156.50

MCX Gold (October Futures): Buy - from 31,885 to 31,890, stoploss - 31800 and the target - 31995/32050

MCX Silver (December futures): Buy - from 64,340 to 64,350, stoploss - 64100 and the target - 64740/64950

NCDEX chillies (October futures): Sell - 5480-5510, stoploss - 5700 and target - 5150

ncdex tips

Indian rupee has strengthened against the dollar by 1.5 per cent today. The trick of changing currency in the domestic commodity markets has increased the pressure on the prices of gold and silver. International market has seen a boom in gold and silver, while the domestic market  a declining trend in gold and silver is been observed.

Currently, nearly 1 per cent on MCX gold is trading at Rs 31,650 with. 0.75 per cent, while silver is trading at Rs 63,880 with weakness. Slipped 0.5 percent on MCX crude oil is trading below Rs 5,000. MCX mixed in the base metals business is being witnessed. Aluminum, Copper and Nickel are traded with weakness in the recorded increase in lead and zinc.

Meanwhile on NCDEX chillies September futures rose by 2 per cent and the price is close to Rs 5,000. With nearly 2 per cent from the pepper is trading at Rs 43 250. Chinese around 1.5 per cent to Rs 3,600 has risen strongly. Cotton missed on the NCDEX December, January and March futures declined by 2.5-3 per cent.

Commodity tips for today

MCX Silver (December futures): Buy - 64250, stoploss - 63 850 and the target - 64 950

Natural Gas MCX (September Futures): Buy - 153, stoploss - 150 Goal - 158

MCX Mentha Oil (September futures): Sell - 1200, stoploss - 1240 and target - 1100

Soyatel NCDEX (October futures): Sell - 740, stoploss - 752 and the target - 720

Rise in price for the bullions in the internatinal market, domestic bullion market price of precious metals gold - silver was on its way up again. Local market at Gold reached a level of Rs 32,500 per ten gram, gold has surged to Rs 200. Silver prices moved up by Rs 500 to Rs 62,000 per kg reached.

According to jewelry traders, from the local level demand for precious metals is not increasing so the prices are fluctuating by external approach, i.e., through international market.
Gold Tips
Since the last two days of trading the international bullion market was trading bearish but after the decision of Bank of Japan to buy the bonds made bullion market flourish and the prices in the precious metal, i.e. gold and Silver were also seen increasing. Gold reached at $1,779 per ounce and Silver also gained 0.43 percent to $ 34.93 an ounce in London.

Gold gained Rs 200 to Rs 32,500 per ten gram reached. Gold coins also gained Rs 100 to Rs 25,500 per eight grams.

Silver too gained Rs.500 and reached to Rs. 62,000 again. Firmed up to Rs 2,000 per hundered silver coins also gained. Silver coin buying and selling 78,000 to 79,000 rupees per cent. According to traders in the market at the moment is the lack of retail subscriptions, but come close to the festive season has started out seeking to buy wholesale.

Bullion Tips

Gold showed a bullish trend in the international market though it was weak in the domestic market. Gold rose by Rs 25 per 10 grams in the local market to Rs. 32,525. while the white metal showed no uptrend and stayed at its previous trading price. Silver price per kilo remained constant at Rs 61,900.

silver tips
Gold Silver Tips
Gold in global markets remains strong. Traded in London Metal exchange at $ 1768.70 an ounce of gold was recorded during the top level is close to six and a half months record. However, due to the decrease in the demand of Silver to $ 34.49 per ounce. The white metal fell 0.3 per cent.

Federal Reserve better employment outlook in the U.S. economy $ 40 billion every month until the pump was announced. The atmosphere was encouraging in worldwide markets. However, despite the boom in overseas markets local bullion gold - silver prices showed a relatively moderate weakness.

In the local market, gold gained Rs 25 to Rs 32 525 per ten gram reached. Guinea continued to Rs 25,450. Silver remained at Rs. 61,900 per kg. Silver coins lost Rs 1,000. Silver coin buying and selling was decreased. The buying of Silver coins were at Rs.77,000 and the Selling was at Rs. 78,000 per hundred.

Inspite of the rise of precious metals in the international markets, gold and silver prices weakened in the domestic market. The yellow metal, fell as much as Rs.  Rs 400 per ten gram in the bullion market in Delhi, while the white metal declined Rs 100 per kg. Gold in the domestic market came down to Rs 32,500 per ten gram in the bullion market, while silver was at Rs. 61,900 per kg.

Last Day Fridays only ten grams of gold per was at Rs. 32 ,900 was still at the highest levels. Rs 62,000 per kg of silver, was at the highest level. 1770.20 dollars per ounce gold abroad at the end of Friday entered on the Thursday after the Federal Reserve announced that six months was the highest level of 1777.51 dollars per ounce.

Inspite of the acceleration in the precious metals in the international market, the prices of the yellow and white metal fell down in the domestic market. 

Gold declined by Rs 50 and reached to Rs. 32,450 in the local market per ten grams. Silver prices too  slipped to Rs 500 per kg to Rs 61,500 were recorded.
According to information received from London due to the boom in the European market , the yellow metal, i.e, gold rose 0.5 percent to 1732.89 dollars per ounce. Silver rose 0.8 percent to 33.58 dollars per ounce.
silver tipsSubscriptions due to the high price of gold in the local bullion market declined by Rs 50 to Rs 32,450 per ten grams. Despite the declining trend in gold is, Guinea gained Rs 100 to Rs 25,500. Silver is showing a declining trend. Silver slipped to Rs 500 per kg to Rs 61,500 as registered.

Silver coins gained Rs 1,000 per hundred. Silver coin buying and selling was at Rs. 78,000 and Rs. 79,000  per cent are over. Gold was trading under pressure  in the Asian market, while in the European market it was at a boom. Due to the high prices sellers are not finding much buyers for gold and silver in the domestic market. Wholesalers are also cautious.

Despite being stable in the international market, the yellow metal rose Rs. 50 and reached a level of Rs. 32,500 per 10 grams in the country's capital, New Delhi yesterday.  The white metal also steadied itself by Rs. 200 and was at Rs. 62,000 per kg.
Silver prices
While in the international market, in London, gold fell 0.1 per cent to $1,733.75 per ounce and Silver rose 0.1 percent to $33.69 per ounce.

Price of the precious metals-Silver and Gold rose in the domestic market due to the boom in the prices in the overseas market.

The gold coin, "Guinea" also gained Rs. 100 to reach at Rs.25,400 per eight grams. Silver trading was seen in a better pace.

While silver futures surpassed the level of 64 thousand reached 64 230 per kg. Despite the rapid buying silver coins - Rs 77000-77000 per cent on the selling price remained stable. Traders say that the subscription is not due to higher prices, but the effect of the recent surge is internationally visible. The pressure from Rupee is also having an adverse impact on the rise in price of gold .

mcx tipsGold price has reached a new height. MCX October Gold futures touched a record level of Rs 32,026. The silver gained 0.5 per cent to Rs 64,280 is currently being and sense. The slight decline in the international market in gold, while silver has seen marginally faster.
Crude oil remains firmly in first. With a gain of 0.25 per cent on MCX Crude oil is currently trading at Rs 5,326. NYMEX crude oil is marginally falling. The price is 93 dollars per barrel.
Initial rapid persisted in base metals is been observed, MCX Copper price has gone up to Rs 450, while on the LME copper is trading above $ 8,000. Nickel gained 0.75 per cent in the domestic market is. The nickel and zinc gained 0.30 per cent was recorded.
September futures on NCDEX Castor Seed is served over 4 per cent upper circuit. The September barley futures are falling nearly 4 per cent.
Here's what's gotten into Commodity Opportunity -
Silver (MCX): Sell -64 700 bucks, stoploss -65 100, -64 000 bucks goal
Crude oil (MCX): Sell Rs -5350, -5390 stoploss, target Rs -5280
Copper (MCX): Sell RS -451, -453 stoploss, target Rs -445

Gold today has again set a new record. MCX Gold 31 524 rupees per 10 grams is reaching new record levels. In the spot market price of gold has gone beyond Rs 31,850. COMEX, gold has reached to $ 1,698 per ounce, which is the highest level in 6 months.

copper tipsHowever, in today's business due to weakening of the euro against the dollar, gold seems sluggish. Also on Tuesday, the U.S. economic figures are even worse because of the pressure on gold. In August, the U.S. manufacturing figures are the lowest in 3 years.

According to Nirmal Jain, chairman of India Infoline makes sense to invest in gold.

The silver is approaching record levels of 7 months. Although the dollar rally was stopped because silver is currently booming. Currently, with a decline of 0.2 per cent on MCX silver is trading at Rs 60 475. MCX Copper fluctuation seems to continue. Even in base metals on MCX have gained 0.1-0.5 per cent.

Weak manufacturing data coming from the world is to get pressure on crude oil. NYMEX on both on and MCX Crude oil is a slow business. Hurricane Isaac 710,000 barrels a day of oil production in the U.S. has stalled. Currently 0.25 per cent on MCX crude oil is trading at Rs 5330 with.

Special margin of 10 per cent growth in the Chinese domestic market, despite being released. Still on NCDEX sugar has gained 0.5 percent. On the ICE raw sugar has slipped to a low of 3 months.

After showing a slowdown monsoon has once again gained momentum. On Monday, about 105 mm of rain was recorded across the country, 45 per cent above normal.

According to the weather department at Monsoon worry still remains in many areas. There are many areas of the country, which have suffered 32 per cent less rainfall this year. June-September 647 mm rainfall across the country by 12 per cent, which is lower than normal.

The lack of rain over Saurashtra, Kutch, Gujarat and Punjab have been maximum this year. Cotton sowing was low this year due to the low rainfall in Kutch
In Rajasthan and Punjab too, the sowing of cotton is reduced. However, the cultivation of cotton in Andhra Pradesh has 20 per cent increased.

Farmers in Rajasthan and Punjab have increased their attention on guar farmers. Sowing of soybean in Madhya Pradesh and Maharashtra have been increased. Andhra Pradesh have  sown tur for Rs 4.25 lakh hectares .

silver trading tipsMeteorological Department Director, Laxman Singh Rathore says that from August to September the monsoon has improved. More rain is expected in the coming days. Monsoon estimates can touch the target of 92 per cent.

Anand Rathi Commodities, senior vice president, says Kishore Narne terms of revenue is expected to rise in cotton and soybean cake. The maize, turmeric and wheat may appear in the lower level.

Commodity Recommendations:

1.  MCX copper can be bought on dips to Rs 428 with a stop loss of Rs 425 and a target of around Rs 433.
2. On intraday basis, gold could be sold at around Rs 31,360 with a stop loss of Rs 31,460 for a target of Rs 31,160

Precious metals prices are trading little changed on COMEX today. We expect a further rise in
the prices of precious metals on account of a weaker US dollar overseas. Buying at dips is
recommended for the day.
Precious metals prices surged higher with gold surged 2 percent in heavy trading on Friday to a five-month high, and looked set to resume its years-long rally after Federal Reserve Chairman Ben Bernake's key speech raised hopes of a new round of monetary stimulus for the U.S. economy.

Gold tipsMCX Gold, October contract opened at Rs. 30,800. The contract reached an intraday high of Rs. 31,231 and intraday low of Rs. 30,656. The contract rose up by Rs. 369 or 1.20 percentage change.

MCX Silver September contract opened at Rs. 56865.The contract reached an intraday high of Rs. 58,517 and intraday low of Rs.  56,613. The contract rose up by Rs. 605 or 1.06 percentage change.

Holdings in the world's largest silver backed exchange-traded fund iShares Silver Trust stood at 9671.60 tonnes by Aug 31, down by 49.73 tonnes from the previous business day.

Hedge funds and money managers boosted their gold's net longs by 21,063 to 131,687 lots, and they also raised silver's net longs by 8,075 to 25,527 contracts last week.

Auditor General (CAG), the government is advised to compulsory hallmarking gold ornaments. Hallmarking of gold is currently voluntary. Gold jewelry is a testimony to the purity of the administrative unit and its Bureau of Indian Standards (BIS) is.

BIS Hallmarking Scheme Sunaron voluntary and limited access Jewellers faux gold jewelry purchases for the customers bear the risk.

BIS certification mandatory for Hallmarking Act has not been amended. The CAG said that his answer is not acceptable. BIS Hallmarking of gold mandatory that need to rise to his right. To amend the legislation, which is with the Ministry of Consumer Rights.

Be aware that, in January, the Cabinet has approved his amendment. It is yet to be tabled in Parliament. The purpose of this amendment to be made compulsory hallmarking of gold products, including the bring it on.

Commodity tips:

Gold and silver began in a weak node today in the domestic market. With a decline of 0.15 percent on MCX gold is trading at Rs 30,806. The silver has broken down 0.30 per cent and the price is currently at the level of 57,379. Gold and silver trading with a weak note in the international market .

MCX crude oil is too started in weakness today. With a fall of 0.25 percent, crude oil in the domestic market is trading at the price is above Rs 5,300. Crude oil is trading with weakness in the  international market too. Crude oil is trading with a decline of 0.5 per cent in the NYMEX.

Base metals too opened in the red mark today. Metals in the MCX have also been declined today. Aluminium, Copper and Lead are broken up 0.30 per cent. LME Copper also has a declining trend.

On NCDEX (December Chana futures) and the new wheat (December futures) are trading with a gain of 1 per cent. September Jeera futures gained 0.75 per cent is too. The Red Pepper September, October and November futures were 1.5-2.5 per cent low.

Commodity Tips for today

commodity and stock tipsCopper (MCX): Sell RS -424, -418 bucks target stoploss of Rs -428

Lead (MCX) -109.50 Sell RS, RS -108 target stoploss of Rs -110.50

Red pepper (October futures) NCDEX: Buy Rs -5730, -6290 RS target stoploss of Rs -5575

Crude Palm Oil (October futures) NCDEX: Buy RS -558, -572 bucks target stoploss of Rs -551

Stock tips for 30th August 2012

Jindal Steel Trading tip for today
Tata Steel Trading tip for today
Maruti suzuki Trading tip for today

In the domestic market, gold is trading below record levels. 4 months in the international market, gold is at record lows. With a slight fall on MCX gold is trading at Rs 30 925. 0.1 per cent, while silver is trading at Rs 57 540 with osteoporosis.

The eyes of the market hinge on U.S. GDP figures. The market in the August 31 meeting of the Federal Reserve is expected to announce Qi -3. That is why the gold in the domestic market with the international market is weak.

Slipped 0.5 percent on MCX crude oil is trading around Rs 5330. Weakness in base metals on MCX has taken over. 0.3 to 0.7 per cent in the base metals fell.

With 2.3 per cent on NCDEX turmeric is trading below Rs 6,100. Also with red pepper dropped 2.3 per cent is trading around Rs 5,050.

Commodities Investment Advice

MCX Gold (October Futures): Buy - 30900, stoploss - 30 850 and the target - 31 050

MCX Copper (August Futures): Buy - 425, stoploss - 428 and the target - 420

NCDEX Refined Soyatel (September Futures): Buy - 794, stoploss - 791 and the target - 798

NCDEX Cumin (Sept Futures): Buy - 14450, stoploss - 14300 and the target - 14700

MCX Gold (October Futures): Buy - from 30,850 to 30,880, stoploss - 30710 and the target - 31060/31110

Silver MCX (September Futures): Buy - from 57,250 to 57,300, stoploss - 56600 and the target - 58100/58300

NCDEX turmeric (September Futures): Buy - 6120, stoploss - 6020 and Goals - 6240-6260

NCDEX Chilli (September futures): Sell - 5030, stoploss - 5120 and target - 4900

MCX gold had reached its saturation point and now it has started falling down. MCX gold price has come down to Rs 31,000. MCX silver has also declined by nearly 1 per cent. In the U.S. QI- 3 has become an uncertainity. Expectations from QI -3 had created a boom in the gold and silver prices. Although gold ETF holdings increased to 2,451 tons.

gold prices todayWeakness in the rupee supports crude oil in the domestic market. But in international market crude oil prices are under pressure. U.S. Consumer Confidence figures are about to release today which has made crude oil slip on NYMEX. Currently, with a gain of 0.5 per cent on MCX crude oil is trading at Rs 5330.

Sharp decline in base metals has been recorded today. MCX Copper prices have lost 0.5 per cent. Copper on the London Metal Exchange was trading down 1 per cent. Other metals on MCX declined from 0.3 to 0.6 per cent.

Mustard is continues to decline today also. Today, about 0.5 per cent in futures trading is mustard. Good rains in Madhya Pradesh and Rajasthan have increased pressure on the prices of mustard. Alwar, Dholpur, Dungarpur, Jhalawar, Barmer, Bundi and Chittorgarh are the areas where most of mustard cultivation. And these areas are getting good rains in the last 1 week. From October sowing mustard will start here.

Commodities investment advice

MCX Gold (October futures): Sell - 31000, stoploss - 31 150 and the target - 30800

MCX Silver (September Futures): Buy - 57 500, stoploss - 58 500 and the target - 56500/56000

MCX Crude oil (September futures): Sell - 5340-5350, stoploss - 5420 and target - 5280

MCX Copper (Nov Futures): Buy - 430-431, stoploss - 434 and the target - 426/424

MCX Zinc (August Futures): Buy - 103, stoploss - 104 Goal - 101

MCX Lead (August Futures): Buy - 108.50 stoploss - 110 Goal - 106

Precious metals prices are trading substantially higher on COMEX today. We expect a further
rise in the prices of precious metals on account of a further quantitative easing hopes by the
Fed officials. Buying at dips is recommended for the day.

MCX Gold Contracts

Coming back to the domestic market, MCX Gold was trading higher today. At 11.04 hours MCX Gold October contact climbed up by Rs. 317 and was trading at Rs. 30,634. The Gold intraday high was Rs. 30,699 and intraday low was Rs. 30,735.

Gold prices have risen to Rs. 1684 in the October contract so far.
gold tipsMCX Gold December contract was at intraday high of  Rs. 31,029 and an intraday low of Rs. 30,735. Currently the contract is trading with an increase of Rs. 320 at Rs. 30,997. So far the contract prices have increased by Rs.1,697, with 616 number of contracts been traded.

Similarly, the MCX Gold Feburary contract is been trading high with an increase of Rs. 318 at Rs.31,338. The contract is trading at an intraday high of Rs. 31,338 and an intraday low of Rs. 31,102. 21 contracts have been trade in the Feburary contract so far with an increase in the price of Rs. 143.

MCX Silver Contracts

Now the white metal, Silver prices on MCX swirled today.
The MCX Silver September contract was trading high with Rs.1,166 at Rs. 56,475. the intraday high of Rs. 56,481  and an intraday low Rs. 55,425. Silver prices have slipped by Rs. 3,925 in the September contract with 14682 contracts been traded.

MCX Silver December contract surged, it was trading high with Rs. 1,201 at Rs. 58,344. The intraday high was Rs. 58,350 and intraday low was Rs.57,400. Silver prices have declined by Rs. 4,666 in the December contract with 2781 contracts been traded so far.

MCX Silver contract climbed up Rs. 1056 at Rs.59,942. The contract touched an intraday high of Rs. 59,942 and an intrady low of Rs. 59,231. Silver prices have increased by Rs.3,147 with 121 contracts been traded so far.

Commodity Tips and Recommendations for 23rd August 2012:

1. MCX Gold: Buy on dips at Rs. 30,200, Stop loss at Rs. 30,070, initial target of Rs. 30, 350 and next      target at Rs. 30,600.
2. MCX Zinc: Short 100, Stop Loss 101 target 98
3. Crude MCX: Buy on dips at 5320-5330, Stop loss 5250 target 5450-5500.
4. Silver MCX: Buy at Rs, 54500 target 56000

Gold finally fell below Rs. 30,000 in the spot market on Thursday. there were many investors who had a eye on the Gold Spot prices. But though has started ranging in Rs. 29,000 but according to the analysts its still not an option for investing. Analysts predict the metal is not going to give a fruitful return, infact cautionary notes suggest that many gold investors may end up in losses.
Spot gold was ranging Rs. 29,872 on Thursday. 
The price of gold is now based on the  international market i.e. in US markets and the European market rather than on the fundamentals. The loss assumed on the investment of Gold is to be around 5-10%.
mcx gold tipsAccording to the reports of the world council, India's demand for gold has reduced by almost 38% since April-June from a year ago, while the average rise in price has been by 33%.
The reasons behind fall in the price of the yellow metal has been partially because of the strike by the jewellers' in March and April to protest against the increase in the exercise duty on the unbranded jewellery in the Union Budget. however, the major reason for the fall in the demand is due to the highness in the price.

Presently, many investors are investing in gold as it's considered to be a safe investment. But they are unaware of the fact or the risk which may arise if  the European or US economy recovers. If this happens these investors could move towards riskier investments, resulting in a crash in gold prices.
On the other hand, if these economies do not recover, gold prices have already moved to a level they cannot move beyond, leaving little scope for healthy returns.
"In India, investor demand is low. Demand is by consumers who are buying gold for social purposes like marriage," said Shah. So the sellers are eye pounding over the marriage season where they are expecting a rise in the sales of Gold.

Gold and silver business is slow today. Despite the weakness of the rupee, price of gold in the domestic market is not getting support. Gold on MCX is trading at Rs 30,135, while silver soared up further 0.30 percent is trading at Rs 53,513.

After a initial slowdown in the domestic market, crude oil prices surge nearly 0.5 per cent. The price is at Rs 5184. Domestic market, rupee is weak around 0.5 per cent against the dollar today is weak. The effect of this is also seen in crude oil prices today. Crude oil prices have increased in NYMEX by 0.5 per cent and prices are above 93 dollars a barrel.

gold silver tipsEuro zone bad economic statistics have affected in the prices of the base metals today. The base metal prices have fallen today. Copper prices have fallen at MCX and are around Rs.410. Copper on the London Metal Exchange is trading under $ 7400. Other metals have also been selling under pressure.

The castor seed (August, September, October-November) in futures are trading with a gain of 3-.35 percent. Cotton cake August and September futures are trading weak with 2.5-3 percent. AUGUST pepper futures lost 1.5 per cent.

Gold Silver Tips for 14th August 2012

Crude oil (MCX): Buy Rs -5100, -5060 stoploss of Rs Rs Rs goal -5200

Gold (MCX): Sell -30,160 to 30,180 rupees, stoploss of Rs Rs -30 350, -29 900 target Rs

Silver (MCX): Buy from -53,200 to 53,300 rupees, stoploss of Rs Rs -53 000, -53 700 target Rs

Copper (MCX): Sell -412-413 Rs Rs stoploss of Rs -415, -410-408 as targets

Gold recovered from the early losses, but it remained to in a tight range as trading was due to investors uncertain about whether central banks would act stimulate struggling economies.
MCX gold was trading with marginal gains, with 0.15 per cent up, MCX gold is now trading at Rs. 29,942 per 10 grams.
MCX Silver is also trading in green. MCX silver is at a gain of 0.25 per cent to Rs. 53,526.
mcx silverIn the international market, gold is trading with a marginal growth while silver has declined. In COMEX Gold has increased 0.20 per cent and is at  $1,616. However unlike the gold, silver is trading flat and is at $28 per ounce. Gold in the domestic market on Wednesday closed at Rs. 29,910 with a gain of 0.5 percent, while silver closed at Rs. 53,375.
Gold Futures contract was up by Rs.41 to Rs. 29,937 per 10 grams as the speculators increased on their  positions with a firm global trend.

At Multi Commodity Exchange, Gold December contract rose by Rs. 39 to Rs. 30,275 per 10 grams. 

The white metal too was trading high in the MCX today. MCX Silver contract delivery in September was at Rs.53,526 and was up Rs. 117. 
Similarly, the MCX Silver December contract rose up Rs. 89 and was at Rs.55,280.
MCX Silver March contract was climbed Rs. 51 today and was currently trading at Rs. 56,761.00

In domestic market, base metals are trading mixed today. Copper and lead are trading with a gain of 0.30 per cent, while there is a trend of slowdown in the zinc and nickel. Copper on the LME is trading with a gain of nearly 0.5 per cent.

MCX Commodity tips-

Silver (futures September) MCX: Buy Rs -53 200, -52 800 stoploss of Rs Rs Rs -54 000 goals

Copper (August futures) MCX: Buy RS -417, -414 stoploss of Rs Rs Rs goals -422

The bullion market is trading flat today. The precious metal Silver, is trading in mix. but it remains bias towards the negative edge. According to the experts Silver will remain negative as long as it crosses the Rs. 54,400 hurdle. Silver is likely to chase support around Rs. 53,230-53,160 and the resistance is at Rs. 53,450-53-525.
the another support level is around Rs. 53,230-53,190 and the resistance is around Rs. 53,480-53,525.

silver tipsSpot Silver prices were trading mix in the metro cities in the country. In the capital of the country, New Delhi market, Pure Silver (999 purity) was high by Rs. 200 at Rs.53500 while in Ahmedabad, the silver prices declined by Rs. 130 and were at Rs.53200.
Overall Silver was trading lower due to the global leads.
Silver contract for the September delivery slipped 0.26% and was trading at Rs.53,230 per kilogram.

Same was the case with Gold. Gold too was trading flat today. The October delivery contract was at Rs.29,802 per 10 grams. Whereas, in the international market Gold was trading up for the third continuous day.
Back to the domestic market, Gold's demand has still not increased. Prices are still being above Rs. 30,000 mark. Buyers are still being hesitant in buying the yellow metal.

Precious metals Trend today:

On Tuesday, MCX bullion market opened in green. the yellow metal was trading higher in the metro cities in the country. In Southern India, Chennai market, Standard gold (995 purity) increased by Rs 60 at Rs 30120 and pure gold (999 purity) was up Rs 60 at Rs 30240. 
In the eastern parts of the country Jaipur, market standard gold (995 purity) was up Rs 25 at Rs 30050 and pure gold (999 purity) was up Rs 25 at Rs 30075.
Gold prices remained steady today while the white metal bounced up by Rs. 200to Rs. 53500 per kg today. MCX Gold was trading at Rs. 32,200 per 10 grams.
Though the yellow metal was trading high today but its demand remained sluggish. The traders say the demand could be sluggish due the increase in the price of the gold. The gold prices crossing the Rs. 30,000 have led its sale down. buyers have now become reluctant in buying the precious yellow metal.
 Unlike the Gold, Silver has bounced back and have rose by Rs. 200. the demand of Silver is high among the buyers now.

According to the traders the rise in price for the white metal was due to the fresh buying by the stockists and jewellers for the fast approaching festive seasons.
In the international market, London, silver was up by 0.5% to USD 28.02 per ounce.
Back in the domestic market silver increased Rs. 200 to Rs. 53,500 per kilograms and the weekly based delivery by  Rs.100 to Rs. 53,370 per kilogram.

MCX Gold:

Spot gold  drifted  lower, pausing consolidations of  the last few days after the US Federal reserve dashed hopes of the forthcoming stimulus to boost up the abated economy. US Federal Reserve holds off offering more support to the economy, even though there was a strong rumor that the Fed will announce fresh bond buying program to take back the economy’s loosing momentum. Feeble economic
releases hurt the US economy with weaker than expected auto sales growth of 9 percent in July. However the dollar hit a one week high against a basket of currencies after the  Fed Reserve provided  little clues for fresh monetary easing. At the same time, investors are expecting more bold actions from the European Central Bank’s policy meeting today as their President pledged earlier that ECB will to
do everything within the bank’s mandate to hold the Euro zone together.The recent swing support of $1610 an ounce has cleared and prices are now attempting to break the key support of $1596 with volume.
MCX Gold tipsAfter repeated failed attempts to break the upside blockage of $1630 prices, diffused fresh buying momentum and drifted lower. Day’s bias is likely to resume the selling pressure but possibly find support at $1580 and turn higher. As per the current chart formation, direct dip below  $1578 will be required confirming short term bottoming. On a very broad basis prices  are  required to break  $1640-1530 regions to suggest fresh directional moves, else it likely to trade inside the region with mild volumes. The correlation between gold and Euro still stays above 0.75 the highest level seen from the start of this year. RSI is in neutral while oscillators stay well above the zero line.

 MCX Gold and MCX Silver: Gold and Silver boost up the 

price today

Both gold and silver rose in the bullion market here Tuesday on buying by stockists and jewellery makers for the coming festive season amid a firm global trend.The Demand for the precious metals was increased as the festive seasons are fast approaching. 
gold price todayOn the one hand Gold increased by Rs. 220 and reached a level of  Rs. 30,520 per 10 grams,on the other hand silver took a high jump and increased by Rs. 1000 to Rs. 54000 per kilogram on the increased offtake of industrial units and the jewellers.

Silver coins were also in great demand and climbed up by Rs. 1500 to Rs. 63,500 for buying and Rs. 64,500 for sellers of 100 pieces.
According to the traders the Bullion market turned bullish today for the coming festive seasons and the marriage seasons.
In the spot market, pure gold of 99.9 percent purity was Rs. 220 high to Rs. 30,520 and 99.5 percent pure gold was trading at Rs.30,320 per 10 grams.

Bullion Updates-MCX Gold and MCX Silver

Gold and Silver were steady in the domestic market due to the  weakness in the international market and low demand of the precious metal in the domestic market. MCX Gold was Rs 30,300 per ten gram in the domestic market and silver remained steady at 53,000 per kg.

gold silver metals

According to information received from the London International Gold slipped 0.3 percent to 1618.80 dollars per ounce. The Silver declined 0.4 per cent to $ 27.59 per ounce. The Central bank's meeting is to be held this week to discuss the euro loan.

Here, due to the weak demand of bullion metals and the dullness in the international market, MCX Gold was ranging at Rs 30,300 per ten gram and silver was set at 53,000 per kg. Ginny stayed at a price of Rs 24,450.

According to the traders the gold ranging above 30 thousand is one of the possible reasons for low demand of the yellow metal this year. As the jewellery demand was usually high during Raksha Bandhan. He said the demand for silver has also become dull, while during this festival its demand was enormous.

Bullion Updates: Precious Metal Remained Steady today

Precious metals, gold and silver held steady today on account of restricted buying activity at prevailing higher levels. Gold closed flat at Rs. 30,300 per 10 grams, whereas Silver was at Rs. 53000 per kg on the decline in the in buying by the jewellers and the industrial units at the prevailing higher prices.
According to the traders, the prevailing higher prices and costly levels kept the bullion market steady today.
 In the NCDEX, gold of 99.9% purity and 99.5% purity remained firm at Rs. 30,300 and at Rs.30,100 per grams, respectively. Similarly, the white metal, silver was firm at Rs. 53,000 per kg.

MCX bullion tips for todayMCX Gold and MCX Silver in the domestic market is still in the early lead. With 0.5 per cent rise on MCX gold is trading at Rs 29 704. The MCX silver with 0.33 per cent increase has crossed Rs 53,000 level. Stand fast in the international market is also being seen in gold and silver.

Spot gold rates rapid up in the major metros in India. In Mumbai market, Standard gold (995 purity) climbed up Rs 275 at Rs 30000 and pure gold (999 purity) had increased tremendously with Rs 380 and was at Rs 30130. 
In Delhi, market standard gold (995 purity) was too trading up by Rs 260 at Rs 29960 and pure gold (999 purity) had increased rapidly by Rs 660 at Rs 30160. the the festive seasons approaching, the demand of gold and increased intensely and so has the price of the yellow metal.
But Spot Silver is not to be ignored. Silver has crossed the Rs. 53000.

MCX crude oil is trading with weakness of the 0.20 per cent, while prices have come down to Rs 4,900.
In the domestic market, base metals are trading low. Copper and zinc are traded with a slight rise in price, while nickel and lead are in decline. In the aluminum business is flat.

On NCDEX Turmeric August, September and October have been looking forward to the 4 per cent upper circuit. The September futures cayenne pepper, coriander October futures rise 3.5 per cent have been recorded. 1-1.5 per cent in the wheat futures are trading with.

Commodity Recommendations -

Copper (August futures) MCX: Sell RS -423, -427 stoploss of Rs Rs Rs goals -417

Zinc (July futures) MCX: Sell Rs -102.5, -104 stoploss of Rs Rs Rs goal -100.5

MCX base metals are trading in mixed. Apart from Nickel all base metals are trading in red. Even though metal is trading in green but there is a very modest increase in the metal. But aluminum, copper, lead and zinc have depreciated from 0.15 to 0.3 per cent decline.

MCX Bullion updates
MCX gold with a very marginal fall is trading at Rs. 29,430. Though the Spot gold prices were up in the major metro cities on Tuesday. In the pink city, Jaipur, the prices of pure gold (999 purity) was up Rs. 180 at Rs. 29855 and the Standard gold (995 purity) was Rs. 29830. Though the prices of gold increased tremendously in the north but in South, Chennai, gold was only up Rs. 40 at Rs. 29760 (995 purity) and Pure gold (999 purity) at Rs. 29880.

But unlike the yellow metal, Silver fell 0.25 per cent today and was trading at Rs. 52,790. Spot silver prices were higher in the major cities. In north, Delhi,  Pure Silver gained incredibly and was up Rs. 250 at Rs. 52550. In Ahmedabad too Silver was in great demand and climbed up Rs. 160 and was trading at Rs. 52300.

gold tips for today, mcx gold prices
A divergent trend was seen in the precious metal today. Gold rose for the second straight day to Rs. 100 to Rs. 29,800 per 10 grams. The traders say the rise in the demand for the yellow metal was due to the festive season. GoldPetal prices on the MCX were also trading high today. GOLDPETAL July contract was trading at Rs. 2948 and wsa up 0.1% or Rs. 3. The GOLDPETAL July contract touched an intraday high of RS. 2952.00 and an intraday low of Rs.2945. 
Gold of 99.9 and 99.5 per cent purity rose further by Rs. 100 each to Rs. 29,800 and Rs. 29,600 per 10 gms.
On the same platform Silver or the White metal was trading low today. Silver declined about Rs. 150 to Rs. 52,300 per kg.
MCX SilverMIC August contract was down Rs. 94.00 and was trading Rs. 52910. The SILVERMIC rate touched an intraday high of Rs. 52910.00 and intraday low of Rs.52657

Bullion Updates: Gold and Silver trading high

Tuesday turned out to be a positive day for the bullion traders. After the three consecutive days of losses on the demand for the yellow metal, gold recovered on Tuesday with a high jump of Rs. 165 and was trading at Rs.29,770 per 10 grams.
silver tips

The white metal too climbed up by Rs. 100 to Rs. 52500 per kilogram. The demand increased for both the precious metal as the wedding season started approaching. As the festive season started approaching, it supported the demand for Gold and Silver among the buyers. The demand also rose after the precious metal rose in the International market. In London the Gold climbed around 0.3% an ounce and reached to $1594.30 and Silver was high 0.7% or was at a level of $ 27.51 an ounce.
However in the domestic market, the gold recovered its last three consecutive losses of Rs. 115 and gained Rs. 165. Gold 99.9%  purity was at Rs. 29,770 and Gold of 99.5% purity was at Rs. 29,570.
The white metal rose to Rs. 100 to Rs. 52,500. The weekly based delivery of Silver metal was also trading up by Rs. 280 and was trading at Rs. 52,870 per kg.