Gold 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.

In 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.

According 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.

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.

Currently 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.

According 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