Gold Seen steady , Copper up on overseas cues.

India gold futures are likely to open steady on Friday as the firm cues from overseas markets are likely to be offset  by  a Strong rupee back home.

-There are we talk to gold is most active gold for delivery on the multi Commodity Exchange (MCX) last closed 2.03 percent lower at 25,673 rupees per 10 gram ,falling from Wednesday ,s   record of 26,457 rupees.

Copper:

Now we can talk to Copper future that its likely open a tad higher ,extending previous session  gains,

-the most –active copper for August  delivery on the MCX last closed 2.4 percent higher at –

401.30                                               rupees                        per                                                kg

-London copper rose ,boosted by an overnight rebound in the US and European equities,and better-than –expected US Jobless claims data.

Click Here

Read More

Mixed effective Seen of Commodity

There are we talk to mixed Seen of Commodity in market  getting that Fears of global economic recession will have a mixed impact on the Commodities .

Economic & Stock market specialist said record braking gold will see new high , industrial metals &crude oil will become cheaper and most agriculture

Commodities will stay flat as fears of another recession grips investors after Standers and poor’s downgraded US debt last week .

     “There is a likely scenario of a double-dip recession with risk  aversion quite & clearly titled in gold “.

There we will talk to gold future are likely to open steady on Wednesday as strong rupees is seen offsetting firmness in the World market, analyst

Said.”The most gold future for October delivery on the Multi Commodity Exchange(MCX)closed 1.94 percent higher at 25,731 rupees per 10 grams in the previous session ,& After hitting a record of 26,198 rupees.

                                                                    More info about of commodity -Click Here

Read More