Gold Silver Reports – Gold may open on strong note tracking firm international clues amid decline in greenback. Meanwhile movement of local currency rupee will give further direction to the prices.
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Natural Gas MCX Trading Level 135-145
Gold Silver Reports – Natural gas on MCX settled up 0.64% at 140.80 dropped from the day’s high as weather forecasts limited expectations for gas-fired heating or cooling demand.
Aluminium MCX Trading Level 102-107
Gold Silver Reports – Aluminium on MCX settled down -2.3% at 103.95 held around 4-week lows on Tuesday after a weaker dollar and renewed jitters about Chinese economic growth tarnished demand for commodities.
Gold Up on Short Covering
Gold Silver Reports — Gold on MCX settled up 0.83% at 29262 as the dollar gave back some of its recent gains, but caution ahead of the Federal Reserve policy meeting later this week curbed its advance.
Mustard futures Trading Range 4150-4350
Gold Silver Reports — Turmeric futures (May) is likely to take support near 8470 levels. Spot turmeric prices increased at Erode markets on Monday due to quality arrivals and upcountry demand. Good quality turmeric arrived and traders also received some fresh upcountry demand.
Nickel Intraday Trading Level 618-580
Gold Silver Reports — Nickel prices ended flat as LME nickel ended unchanged at $9,100 a tonne after moving as high during the day to $9,360 a tonne as market sentiment turned more upbeat despite persistent oversupply.