Mcx Commodity Market Watch Live

• Gold futures for August delivery declined 1 percent
• Crude settle near 95$
• Silver futures for July delivery dropped below 19$
• Copper fell to the lowest in almost three years

Gold led declines by commodities and the dollar strengthened for a sixth day as better-than expected U.S. economic data supported the case for the Federal Reserve to pare monetary stimulus. Gold fell to the lowest level since September 2010 as U.S. economic data beat estimates, backing the case for reduced stimulus from the Federal Reserve as the dollar strengthened. Silver sank to the cheapest since August 2010. U.S. durable goods orders rose more than forecast in May, while consumer confidence for June exceeded projections, data showed.

GOLD TREND

Trend updated for-Jun/26/2013.CMP-26559 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 26406.Resistance for the Gold is 27100-27386-27471-27474-27634-27959-

SILVER TREND

Trend updated for-Jun/26/2013.CMP-40663 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 40199.Resistance for the Silver is 42680-43014-43417-43911-45364-47662-

Money CapitalHeight Research Pvt.Ltd. is a financial advisory Company provides Mcx Tips, Stock Future Tips, Commodity Tips, Intraday Tips, Equity Tips on the basis  of market research you can find latest updates and news og share market also please visit our site for more information and free trial www.capitalheight.com  

Mcx Gold Live

The government on Monday  slashed the import tariff value of gold to $421 per ten grams and that of imported silver to $709 per kg, considering the falling trend in global prices.

Tariff value is the base price on which the customs duty is determined to prevent under-invoicing.

Last month, the tariff value of gold was at $459 per 10 grams and silver at $737 per kg.

The notification in this regard has been issued by the Central Board of Excise and Customs (CBEC).

The government has reduced the import tariff value of gold as global prices in Singapore have been volatile in the last few days. Global prices today fell by 1.4 per cent to $1,278.94 an ounce and silver by 2.8 per cent to $19.55 an ounce. A similar trend was seen in silver rates as well.

India's gold import in the second quarter of the current fiscal is expected to more than halve to 150 tonnes, as against around 350 tonnes in the April-June period of the 2013-14 fiscal, as per the Bombay Bullion Association.

Gold in the national capital is costing around Rs 27,320 per 10 grams, while silver at Rs 42,500 per kg.

Money CapitalHeight Research Pvt.Ltd. is a financial advisory Company provides Mcx Tips, Stock Future Tips, Commodity Tips, Intraday Tips, Equity Tips on the basis  of market research you can find latest updatesand news og share market also please visit our site for more information and free trial www.capitalheight.com 

Mcx Hot Tips Today

  Market Wrap:

·         Gold futures for August delivery fell 1.2 percent

·         dollar jumped as much as 1.1 percent against

·         Crude slide from nine-month high

Gold declined to the lowest in four weeks after the Federal Reserve Chairman Ben S. Bernanke said the central bank may “moderate” the pace of U.S. bond purchases later this year. The dollar jumped as much as 1.1 percent against a basket of major currencies.

GOLD (AUG) 

Trend       • Consolidate
Strategy      • Buy  on dips

Resistance  • R2 - 28480 ;  R1 - 28150
support       • S1 – 27750 ; S2 – 27480

SILVER (JUL)

Trend          • Consolidate

Strategy      • Buy  on dips      Resistance  • R2 - 45750; R1 - 44870             
support       • S1 - 42450; S2 – 41200

COPPER (JUN) 

Trend       • Consolidate
Strategy      • Sell  on high

Resistance  • R2 - 425 ;  R1 - 416
support       • S1 – 403 ; S2 –395

CRUDE (JUNE)

Trend          • Consolidate

Strategy      • Buy  on dips   
Resistance  • R2 - 5935; R1 - 5850             
support       • S1 - 5680; S2 –5590

For more updates and free Mcx Tips, Stock Tips, Commodity Tips,Intraday Tips Equity Tips, Stock Future Tips visit  our site for 2 days free trial in all segments www.capitalheight.com

Mcx Commodity News Today

The actively traded Gold for August delivery on the Multi Commodity Exchange was 0.60% higher at 28,037 rupees /10 gram at 0806 GMT, after hitting a high of 28,087 rupees earlier, the highest since June 13. The rupee, which was in the vicinity of its record low, plays an important role in determining the landed cost of the dollar-quoted yellow metal. 

        However, in the overseas market, gold slipped for a second session as muted physical demand weighed on prices.

      Investors are closely watching the U.S. Federal Reserve's two-day policy meeting that begins later in the day as a string of healthy U.S. data has increased speculation the bank could scale back its bond-buying programme, hurting gold's appeal as a hedge against inflation. Silver for July delivery on the MCX was 0.72% higher at 43,912 Rs./kg.

        In the physical market, demand remained weak after the government raised import duty by a third to 8 percent, following a ban on consignment imports by the central bank.
 

"There is no business due to off-season... Supplies will slow down in the coming months," said Haresh Acharya, head of bullion desk at Parker Bullion, a wholesaler in Ahmedabad.
The country's gold imports fell from an average of $135 million in the first half of May to $36 million in the second half, Finance Minister P. Chidambaram said. 

Money CapitalHeight Research Pvt.Ltd. is a financial advisory Company provides Mcx Tips, Stock Future Tips, Commodity Tips, Intraday Tips, Equity Tips on the basis  of market research you can find latest updatesand news og share market also please visit our site for more information and free trial www.capitalheight.com

Free Mcx Trading Tips on Mobile

Market Wrap:

• Gold declined in New York
• Silver futures for July delivery dropped 0.9 percent
• Crude traded at the highest price in more than nine months
• Copper rose for a second day in London

Gold declined in New York before the Federal Reserve starts a two-day meeting as investors weighed when the central bank will taper asset purchases. Silver futures for July delivery dropped 0.9 percent to $21.758 an ounce in New York. Crude traded at the highest price in more than nine months because of renewed speculation that unrest in Syria will spread to other parts of the Middle East and disrupt supplies.

GOLD (APR) 

Trend       • Consolidate  
Strategy      • Buy  on dips

Resistance  • R2 - 28480 ;  R1 - 28150
support       • S1 – 27750 ; S2 – 27480

SILVER (MAY)

Trend          • Consolidate

Strategy      • Buy  on dips     
Resistance  • R2 - 45750; R1 - 44870             
support       • S1 - 42450; S2 – 41200

For more Information ,news and latest updates about stock market like Mcx Tips, Commodity, Equity, Stock, Intraday, Nifty Future Tips, Stock Future Tips, Visit www.capitalheight.com you can take 2 days free trial also in all the segments to check our accuray we assure you 90% accurate calls.