Commodity news| MCX Bullion, Base Metal, Crude oil price updates| NCDEX news

Global Gold price closed slightly higher on Monday. Comex Gold future prices are trading steady at US. Indian Gold demand could be hurt if mansoon remains week.Indian Gold import likely to drop sharply in July. The rupee and Dollar up downs affects price range of  MCX commodities like Gold, Silver, copper.

At MCX SilverMicro 31 Aug 2012 contract traded at 54292Rs(+1.94%), Gold petal 31 Aug 2012 contract traded at 3018.00Rs  (+0.40%), Gold  05 Oct 2012 contract traded at 30,273.00Rs (+0.41%).

London Metal Exchange (LME)  copper declines slightly on Monday. Except nickel, lead and Zinc all other metal prices were declined on LME market on Monday.

At MCX Copper 31 Aug 2012 contract traded at 424.10 Rs(+0.77%), Nickel 31 Aug 2012 contract traded at 904.20 Rs (+1.13%), Lead Mini 31 Aug 2012 contract traded at 108.35Rs (+1.45%), Zinc 31 Aug 2012 contract 103.95 Rs (0.97%). 

India offers significant investment and business opportunities to companies engaged in the oil and gas value chain, according to RPN Singh, India Minister of State for Petroleum and Natural Gas.

At MCX Crude oil 20 Aug 2012 Expiry date traded at 5012.00 Rs (0.28%), Natural gas 26 Oct 2012 Contract traded at 188.80 Rs (+5.18%). 

NCDEX Mustered seed expected to be drop, Turmeric regains on short covering. Potato pushes up on festival demand, Potato hits lower circuit to 4%. cardamom hits upper circuit to 4%. Jeera Surges on strong overseas demand, however export demands likely to support lower price level. 

Gold Silver Rates at MCX, Crude oil update

Today Bullion prices :

Silver Micro 31 Aug 2012 Contract Last trading price 53329 change 0.13 %.Gold Petal 31 Aug 2012 Contract Last trading price 3007 change 0.03 %. Silver M 31 Aug 2012 Contract Last trading price 53323 change 0.13 %. Gold M 04 Aug 2012 Contract Last trading price 29792 change 0.02 %.

Energy:

Crude Oil 20 Aug 2012 contract downs today, Last trading price 4991.00Rs Change (-0.14%).

Natural Gas 28 Aug 2012 Contract Last trading price 172.30Rs  Change (+2.26%).

MCX Gainers and losers today

MCX top gainers are

• Potato Contract Expiry date 15 Oct 2012 last traded at Rs 1200 up Rs10.1, changes 0.85%.
• Gold Contract Expiry date 31 Aug 2012 last traded at Rs 3150 unit 1 gram up Rs15, changes 0.48%.
• Menthol Oil Contract Expiry date 31 Aug 2012 last traded at Rs 1364 unit 1 Kg up Rs 6.1, changes 0.45%.
• Silver Contract Expiry date 05 Mar 2013 last traded at Rs 56580 unit 1 Kg up Rs 226, changes 0.4%.
• Crude oil Contract Expiry date 20 Aug 2012 last traded at Rs 4964 unit 1 BBL up Rs 18, changes 0.36%.

MCX top losers are

• kapas Contract Expiry date 30 Mar 2013 last traded at Rs 1104 unit 20 Kg down Rs13.8, changes -1.23%.
• cotton Contract Expiry date 31 Aug 2012 last traded at Rs 18180 unit 1 Bales down Rs200, changes -1.09%.
• cardmom Contract Expiry date 15 Oct 2012 last traded at Rs 1339, unit 1 Kg down Rs 25, changes -1.83%.

Agri commodity updates, NCDEX and MCX News, Gold and Silver news, Commodity tips

Northwest and central India is the important Cotton growing region of India. Government of India alarmed about lack of rainfall in 6 cotton growing states include Gujrat, Maharashtra, Rajasthan, Punjab, Harayana, and Karnataka. According to report, Gujrat the no. one cotton growing state of India, only 35% of land sown till date and if Mansoon fails in August, Crop production condition will be sever.

Union Agriculture Minister Sharad Pawar saying that, Government will take a look at unrestricted export of Cotton, Wheat and other crop in August if Mansoon fails.

At NCDEX Cotton seed Oil cake Akola trading down today, contract of 17 AUG 2012 expiry date traded at 1641.00 Rs show change of -2.61%.

Turmeric Future index edge may higher on Monday, At NCDEX turmeric 17 Aug 2012 traded at 6118.00 Rs change 3.27%. Exports demand pushes up NCDEX castor seed.  

MCX crude oil futures in MCX fell on Monday due to weak export demand along with higher production concerns in next crop year. Crude oil 20 Aug 2012 traded at 5,025.00 changes at -1.34%.

A divergent trend seen in bullion market, Gold 04 Aug 2012 gain 0.20% traded at 29,336.00Rs while silver 05 Sep 2012 slips -0.25% traded at 52,712Rs due to poor demand. Silver Coins also declined by Rs 1000 to Rs 61000 for buying and Rs 62000 for selling of 1000 pieces.

Commodity news| Agri, Bullion, crude oil, Base Metal updates| MCX NCDEX Price

Increased price of soyabean, soya oil, rapeseed, Mustard seed, Chana and potato alarmed Forward market commission (FMC) of India. FMC initiates a step to check and prevent speculation in Agri commodities.FMC keeping eye on price movement of five AGRI commodities.

Source said the price of five Agri commodities have been raising in last few months on account of supportive fundamentals in domestic and international markets. On March 2012 FMC has banned future trading of Guar, gum and guar seed to hold price rise. Prices of guar seed have been rising since November and had gain 500% excess in March 2012.      

Government officials concede that there is some pressure on pulses such as tuar and moong but overall situation is not critical, stocks of wheat and rice are comfortable.

At NCDEX, Chana 17-AUG-2012 expiry date last trading price Rs 4746.00 with 0.94% gain, Soyabean of 19-OCT-2012 expiry date contract traded at Rs 3958.00 with 1.44% gain, Potato 17-AUG -2012, trades at 1246.00 with   -1.06 loss, Refined soya oil 20-SEP-2012 contract traded on Rs 802.00 with 0.25% gain, Rapeseed-Mustard seed 17-AUG -2012 contract traded at Rs 4631.00 with 0.47% gain.

Gold prices witnessed great fluctuation during this month. Amid a weakening trend overseas, gold prices fell marginally by Rs 77 to Rs 29,212 per 10 grams in futures trade on Wednesday as speculators trimmed positions.

At the Multi Commodity Exchange, gold for delivery in August traded marginally lower by Rs 77, or 0.26 per cent, to Rs 29,212 per 10 grams, with a business turnover of 3,358 lots.

At MCX Base metals copper, Nickel, and zinc downs slightly. Copper 31 AUG 2012 traded at

Rs 424.35 with 0.21% loss, Nickel 31 JUL 2012 traded at 893.40 with 0.09% loss, Zinc  31 JUL 2012 traded at 103.55 with 0.24% loss.

Crude oil prices are expected to remain bullish in near future, analyst said MCX crude will have an upward trend in July. At MCX crude 19 JUL 2012 contract traded at Rs 4913.00 shows 1.93% gain.