Wednesday, December 19, 2012

MCX Gold Tips Indian Market

MCX Gold is bearish in today's session and is recommended to sell gold. The gold sharp decline still dominates. MCX gold price declined at the domestic market. On Tuesday session and today gold price has fallen to around 500 from the upper level. Today gold is trading in a declined phase and is recommended to sell gold. Christmas holidays will begin in the coming days at the US markets, the volume of gold is already falling and is expected that gold will decline at international market. MCX gold is trading at Rs 30,831 levels with a decline of 0.72%. MCX Silver is also in a declined trend of nearly 0.95% with a price change of 30831 levels. 

MCX base metals a decline of 0.25 - 0.5 percent is observed. MCX Copper dropped 0.2 per cent to Rs 445.60 while MCX crude oil slipped 0.5 per cent has come down to Rs 4,878 levels. Natural gas has declined by 0.5 per cent. The U.S. Energy Department report today is going to come. Natural gas fell by 1.5 per cent. All metals except aluminum and lead are shown in a declined trend. The NCDEX Mustard January futures jumped nearly 2 percent, while increasing mustard crop this year. December futures on NCDEX mustard with 1.8 per cent is trading at Rs 4170. The January futures mustard gas prices rose to Rs 4,260. Mentha oil has gone up today. MCX Mentha Oil is trading up 1.5 per cent. MCX Mentha oil prices rose beyond Rs 1,350.