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.