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Wednesday

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PRECIOUS METALS

GOLD
Gold costs were dipped by Rs 158 to Rs 29,940 for each 10 grams in exchange today as members cut down their possessions, generally in accordance with a week pattern abroad.

At Multi Commodity Exchange, gold for delivery in far-month June was exchanging lower by Rs 158, or 0.52%, at Rs 29,940 for every 10 grams, in a business turnover of 22 parts.
Globally, gold fell 0.54% to $1,254.20 an ounce in Singapore.

SILVER
Silver for delivery in May was exchanging lower by Rs 297, or 0.79 %, to Rs 37,130 for each kg in a business turnover of 650 lots in futures at the Multi Commodity Exchange(MCX).
On comparable lines, the white metal for delivery in far-month July dipped Rs 262, or 0.69 %, at Rs 37,613 for each kg with a business turnover of 11 lots.
In the global market, silver exchanged 0.62 % lower at $15.23 an ounce in Singapore.

FOOD :

CHANA costs were around 0.36% to Rs 4,401 for each quintal in futures exchange today as participants helped their positions, driven by facilitating request against satisfactory stocks position.
    At the National Commodity and Derivatives Exchange, chana for delivery in far-month May rolled down by Rs 16, or 0.36% to Rs 4,401 for every quintal with an open intrest of 18,130 lots.

SUGAR costs rolled down by 0.15% to Rs 3,329 for each quintal in futures exchange today as participants helped their positions, activated by satisfactory stocks at the spot market on higher supplies from factories.
     At the National Commodity and Derivatives Exchange, sugar for delivery in far-month May dipped by Rs 5, or 0.15% to Rs 3,329 for each quintal with an open intrest of 1,14,390 parcels.

Thus, the sweetener for delivery in March was trading down by Rs 4, or 0.12% to Rs 3,212 for each quintal in 56,880 lots.

Monday

WHAT BUDGET 2016-17 SAYS FOR COMMODITY


"New derivative products will be developed by Securities and Exchange Board of India (Sebi) in the commodity derivatives market," Finance Minister Arun Jaitley said in Union 
Budget for 2016-17.

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Sebi  will develop new products like options in the commodity derivatives market and also take a slew of measures to deepen the corporate bonds markets.

   India in its Budget for 2016-17 allotted Rs. 35,984 crore for agriculture and farmers’ welfare. Arun Jaitley, Union Finance Minister, said his government intends to double the farmers’ income by 2022. 

   In a major blow to the struggling precious metal sector, the Union Finance Minister Arun Jaitley in the Budget  2016-17 proposed 1% excise duty levy on articles of jewellery. This levy, however, is not applicable to silver jewellery other than studded with diamonds and some other precious stones.

"I propose to impose an excise duty of  1% without input tax credit or 12.5% with input tax credit on articles of jewellery (excluding silver jewellery, other than studded with diamonds and some other precious stones), with a higher exemption and eligibility limits of Rs 6 crore and Rs 12 crore respectively." - Jaitley

Oil prices rose today, boosted by hopes strengthening growth in top consumer the US will soak up a global supply glut that has weighed on markets.

At around 0830 IST, The US benchmark West Texas Intermediate for delivery in April rose 15 cents to $32.93 a barrel on the New York Mercantile Exchange.

Tuesday

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      Global spot gold prices hit a one-year peak of $1,260.60 an ounce this month amid volatile financial markets, and are currently at $1,216. Prices have risen 15 per cent over two months, their biggest such rally since August 2011.

COMMODITIES SPOT AT MCX
GOLD : On a green at 29126.00
CRUDE OIL  : On red at 2314.00
SILVER :  On green at 37040.00
COPPER : On red at 318.90
NATURALGAS : On green at 125.10

      Oil prices slipped after a recent surge on the account of an unexpected drop in the US production. In this backdrop, most Asian markets ended weak with Nikkei 225, Hang Seng, Shanghai Composite and Jakarta Composite ending 0.1% - 0.8%. Straits Times and Taiwan Weighted ended marginally higher.

Monday

LIVE COMMODITY PRICE AND TIPS FOR TODAY

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COMMODITY TIPS


     In mid of a weakening global trend, Gold Futures fell sharply by Rs 405 to Rs 29,110 per 10 grams on Monday as speculators cut down their bets.
     Gold for delivery in April contracts dropped Rs 405 (1.37%) to Rs 29,110 per 10 grams in a business turnover of 799 lots at the Multi Commodity Exchange of India (MCX).
      In a similar fashion, the metal for delivery in far-month June was trading down Rs 390 (1.31%) to Rs 29,390 in 22 lots.
     Market analysts said the fall in Gold Futures is mostly in step with a weak trend overseas as Asian equities resumed their gain and chances of the US rate hike rose after a report on Friday showed a pick-up in inflation.
     Meanwhile, Gold Prices slid 0.3% to $1,223.67 (nearly Rs 83,907.05) an ounce in Singapore on Monday.
     India' Crude Oil imports in the current are likely to reduce by 45%  in accordance with the ongoing downtrend in crude prices. “The import bill of crude oil is estimated to reduce by 45% from $113 billion in 2014-15 to $62billion in 2015-16 considering Indian basket crude oil price of $ 35/bbl and $/Rs=67for the balance part of the financial year,”

Friday

COMMODITY TIPS FOR MCX,NCDEX,AGRI,ENERGY,GOLD-SILVER LIVE PRICES AND TIPS

Gold prices shot up by Rs 540, topping the 29,000 mark again, to close at Rs 29,290 per 10 grams. Silver also shot up by Rs 375 to Rs 37,475 per kg

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Globally, Gold climbed 1.85 per cent to $1,230.70 an ounce and silver by 0.75 per cent to $15.38 an ounce in New York in yesterday's trade.
Following gold, Silver ready also spurted by Rs 375 to Rs 37,475 per kg and weekly-based delivery by Rs 415 to Rs 37,510 per kg.

NICKEL PRICES were up by 0.49% to Rs 575.40 per kg in futures trade today on pick up in demand from consuming industries in the spot market amid a firm global trend


LEAD futures rose 1.47% to Rs 120.95 per kg today on the back of strong demand in spot market and a firming trend overseas.


COMMODITY TIPS FROM EXPERT : 

NCDEX Jeera (March futures): Sell - from 14,400 to 14,450, stoploss - 14700 and target - 14100/14050


NCDEX chana (April futures): Sell - 4300-4310, stoploss - 4365 and the target - 4220/4210

MCX silver (March futures): Sell - 37500, stoploss - 37900 and target - 36800


MCX Crude oil (March futures): Buy - 2050 stoploss - 1990 Targets - 2140


NCDEX Sugar (March futures):Sell - 3100-3110, stoploss - 3140 and the target - 3050/3040

Thursday

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GOLD  PRICES fell Rs 58 to Rs 29,091 per 10 grams in futures trade today as participants cut down their bets to book profits even as the precious metal strengthened overseas.
At the Multi Commodity Exchange, gold for delivery in far-month June was trading lower by Rs 58, or 0.20%, at Rs.29,091 per 10 grams in a business turnover of just 3 lots.


SILVER  PRICES fell by Rs 101 at Rs 37,096 per kg in futures trade.

WHITE  METAL for delivery in far-month May fell by Rs 37, or 0.10% lower, at Rs 37,672 per kg with a moderate business turnover of 2 lots.

LEAD  PRICES were down by 0.38% to Rs 118.85 per kg in futures trading today as participants cut down their bets.

SUGAR  PRICES were up by 0.3 per cent to Rs 3,146 per quintal in futures trade today as participants indulged in creating fresh positions due to pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, sugar for delivery in March month rose by Rs 11, or 0. per cent to Rs 3,146 per quintal with an open interest of 91,700 lots.

COMMODITY PRICES @ 18/2/2016:
GOLD today at 28767.00 with a fall
SILVER at  37003.00 with a fall
CRUDE OIL at 2160.00 with a rise
COPPER at 311.50 with a fall
NATURAL GAS at 132.90 with a rise

Tuesday

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Gold has come down on Monday after registering it strongest weekly rise in four years as stock markets bounced back. Gold peaked at $1260.60 on Thursday which is the metal's highest gain since February 6, 2015. 
  Gold futures today fell Rs 241 to Rs 28,449 per 10 grams as participants indulged in cutting their bets amid a weak global trend.
Besides, continued profit-booking by speculators at prevailing levels also weighed on gold prices.
    At the Multi Commodity Exchange, gold prices for delivery in April contracts plunged Rs 241 or 0.84% to Rs 28,449 per 10 grams in business turnover of 267 lots.


Crude Oil bounced back sharply from support at $26.50 and is likely to trade higher with a positive bias. While the fundamentals have not changed much – the production continues to remain steady from both US and OPEC members, there are early signs on US production having peaked. Even if the production were to decline from the US, the Iranian supply should balance out the equation.