Monday, May 9, 2011

MCX Commodity market news and trading tips

At the Multi Commodity Exchange (MCX), COMDEX started on a positive terrain after a rise of 3.13 points, or 0.09% on Saturday. It is currently trading higher by 9.39 points, or 0.28%, at 3,397.05 after opening at 3,389.07.
Other index like MCXMETAL is trading upward by 48.70 points, or 1.10%, at 4,469.84 after opening at 4,424.81. Meanwhile MCXENERGY is trading up 35.27 points, or 1.12%, at 3,175.83 after opening at 3,146.77. MCXAGRI is trading up 8.58 points, or 0.34%, at 2,500.98 after opening at 2,494.97.
Due to dollar weakness in the silver business is over Rs 56,000. In today's fast enough to return after taking silver slammed have seen. After early weakness in gold has picked up momentum. Rs 22,000 per 10 grams on MCX gold cross. Silver Rs 1200 to Rs 56,000 strong pass up. Firmly in the international market of crude oil remains above 1.5 percent. Due to strong demand for pepper is trading above 2.75 per cent. Cardamom is the same strength of 2 per cent

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