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
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