Due to the slowdown in the international market weak start of MCX silver MCX gold started. The drop in demand and over- supply of crude is seeing a decline in prices strongly. However, the introduction of natural gas is higher . While the base metals business is mixed. In terms of the Agri commodities prices due to monsoon has accelerated the pace would be slow.
MCX gold fell 0.06 percent, at 24 880 rupees per 10 grams, While silver prices fell marginally to Rs 34 008 per kg has occurred. While crude prices slipped 1.25 per cent to Rs 2790 is bottom of the barrel, On all metals except copper green.
Where as in the Agri Commodity Market, NCDEX turmeric and NCDEX mustard are trading with gains. Prices of NCDEX Chana August Futures surged 1.45 per cent to Rs 4420 per quintal has risen .
The NCDEX coriander with 0.66 per cent to Rs 10564 per quintal is on . Mustard prices declined by 0.54 percent. While soybean and refined oil has dropped 0.45 per cent .
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NCDEX Commodity Tips :
NCDEX Chana (Sept. futures ) Buy 4412 target 4490 , stoploss 4362
NCDEX Soybean (Sept. futures ) 3108-3113 Sell , target 3040 , stoploss 3145
NCDEX Castor seed (Sept. futures ) 4036-4040 Sell , target 3980 , stoploss 4090
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