MCX Crude prices Up by 2.5 Percent, Slight Weakness in Gold

2.5 percent jump in global crude prices have been recorded. While the price of Brent has risen beyond $ 38.5. It is believed that after the statement of Kuwait on the refrigerator production has seen crude prices.

MCX Crude on the domestic market giant leap of 3.5 percent reached at Rs 2460. 

 

Slight decline in MCX Gold: 

Yesterday's sharp decline in the global market in gold is modest. Comex gold prices remained at $1230. MCX gold began to flatten in the domestic market and is trading at Rs 28770. With a slightly sluggish 0.1 percent MCX silver also fell to Rs 36,000. 

Agri commodities slight weakness: 

NCDEX sugar with a slightly sluggish 0.1 percent to Rs 3495 has arrived. SoyOil prices have risen to Rs 649.5. 

What Experts Says about MCX Gold ?? | NCDEX Live Tips

In the first 11 days of the new year nearly four percent of hike have been seen in gold has surprised investors. The international and domestic market price of gold is going to rise continuously. MCX December31, Rs 25,000 per ten gram, gold prices were close to, the time has gone beyond 26,000. 

But according to experts, much of the gold rally is not sustainable. Experts believe that in the long term, gold prices may come down to 25,000.

Things become like 1980 : Experts believe that gold have been rises in the last 11 days, but it will not remain for longer time. because the circumstances have become such as technical chart 1980. In the 61 months between the years 1980 and 1985, global gold prices was a decline of 55 percent. Existing technical charts are beginning to become just the situation since September 2011.

MCX NCDEX Tips Today : 

Sell SoyaOil at Current market price 591.8,Target-585.1, Stoploss-596.1 

SELL CRUDE OIL JANUARY BELOW 2080 ADD TILL 2115 STOPLOSS ABV 2148, TARGET-2038-1998