Wednesday, May 30, 2012

MCX NCDEX Tips, Copper Updates, Gold and Silver Tips 30 may 2012

Precious metals are trading lower on MCX today. We expect prices to trade lower for the day. All base metals are trading on a negative note today. We expect prices to trade lower for the day on account of increasing worries about the Spain's debt issue. Crude oil is trading flat on MCX today. We expect prices to trade lower for the day.

NCDEX Agri Commodity Market Updates Today:
Pepper futures prices are projected to trade on mixed to volatile note on back of prevailing speculative activities. Turmeric prices are expected to continue the recovery during early trading hours on extended short covering. Jeera futures prices are projected to trade on slightly positive note on lower level buying on back of declining arrival at spot market of Unjha. Cardamom prices are projected to continue the recovery during early trading hours.

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