MCX Gold and Silver are trading at negative prices. MCX Gold is trading near at Rs. 28,600 and MCX Silver is trading in the range of Rs. 55,100-55,500. MCX Gold can trade in range of 28,700-28,900 in near term. All base metals are trading at negative prices today. MCX Copper can trade in range of 405-412 in domestic market. We expect that all base metals are trading at lower levels in today's trading session. Yesterday MCX Crude Oil touch its highest level. It touch the levels above Rs. 5300. Today its again trading above Rs. 5300 but trading at lower prices.
NCDEX Agri Commodity Market Updates:
Cardamom futures may find some support at lower levels owing to temporary crunch in supply. Turmeric futures may trade sideways tracking a steady tone in spot markets. Pepper futures may hold above 34,500, blessed by weaker rupee, opening doors for higher exports. Soybean futures may hold gains tracking firm international prices & dwindling stocks at the spot markets.
NCDEX Agri Commodity Market Updates:
Cardamom futures may find some support at lower levels owing to temporary crunch in supply. Turmeric futures may trade sideways tracking a steady tone in spot markets. Pepper futures may hold above 34,500, blessed by weaker rupee, opening doors for higher exports. Soybean futures may hold gains tracking firm international prices & dwindling stocks at the spot markets.
