Wednesday, 18 February 2015

Commodity Trading Tips Of 18.02.2015

Precious Metals
Gold 
At the MCX Gold futures for April 2015 contract closed at Rs 26,219 per 10 gram, down by 1.82 per cent after opening at Rs 26,650, against the previous closing price of Rs 26,704. It touched the intra-day low of Rs 26,182 till the closing.  

Base Metals & Energy
Nickel prices rose 0.34 percent to Rs 912.50 per kg in the futures market today as speculators enlarged positions after the metal surged at the London Metal Exchange. Besides, increased demand in spot markets from domestic alloy makers influenced nickel prices. At the Multi Commodity Exchange, nickel for delivery in February gained Rs 3.10, or 0.34 percent, to Rs 912.50 per kg in a business turnover of 178 lots. At the Multi Commodity Exchange, nickel for delivery in February gained Rs 3.10, or 0.34 percent, to Rs 912.50 per kg in a business turnover of 178 lots. Analysts said apart from increased domestic demand from alloy makers, firmness in the metal at the London Metal Exchange (LME) as investors await the outcome of negotiations between Greece and euro-area finance chiefs, supported the upside.

Aluminium prices declined 0.13 percent to Rs 114.80 per kg in futures trade today as speculators reduced positions amid weak demand in spot market. Besides, weakness in select base metals at the London Metal Exchange ( LME) put pressure on aluminium futures here. At the Multi Commodity Exchange ( MCX), aluminium for delivery in March traded lower by 15 paise, or 0.13 percent, to Rs 114.80 per kg in a business turnover of just one lot. Likewise, the metal for delivery in current month shed five paise, or 0.04 percent, to Rs 113.90 per kg in 42 lots. 


No comments:

Post a Comment