Gold futures edge held steady on Friday, floating nearby one-week highest duration ahead of the release of data Nonfarm Payrolls U.S. later in the day after unemployment claims report on Thursday disappointed the market expectations.

Gold stabilized above $ 1,250 an ounce on Friday prior to a key U.S. employment report, after rising nearly 1 percent in the previous session after the European Central Bank announced actions to boost the economy of the euro zone.

Gold tends to take advantage of the ultra easy monetary policy, reducing the opportunity cost of keeping yield assets such as gold.

Spot gold was trading at U.S. $ 1253.70 an ounce at 0917 GMT, little changed from $ 1,253.29 on Thursday night. 
Comex Gold for delivery in August quoted at $ 1,252.80 a troy ounce during European afternoon trade, down 0.05%.

The August contract rising 0.72% was set on Thursday to close at $ 1,253.3 per troy ounce.

Gold futures edge were likely to find support at $ 1242.80 an ounce, the lowest since June 4 and resistance at $ 1,267.50, the high of May 28. low from June 4 and resistance at $ 1,267.50, the high from May 28.

Pressure as well as in the international market, gold prices in the domestic market have started to come down. MCX gold price has come down to Rs 25,900.

MCX Gold August fututes prices was trading at Rs 25960 down Rs 15, or 0.06 percent. The Gold price hit an intraday high of Rs 25988 and an intraday low of Rs 25915.

Economists surveyed by Reuters have returned an average forecast of nonfarm payrolls increased by 218,000 last month as U.S. employers are likely to keep a solid pace of recruitment, employment returned to its previous-recession level .

Odds are followed closely a barometer health of the U.S. economy. A strong reading likely need to reassure Investors should note that the Federal Reserve will continue to decreasing its friendly monetary stimulus program of bullion, gold mining.

News By Economictimes
Get more Indian commodity market news & updates with 100McxTips.com  Follow our latest market tweets @100mcxtips and Like our Facebook profile page : https://www.facebook.com/100mcxtips

Gold prices in the domestic market has come to a low of 10 months. The MCX gold is trading below Rs 27,000.

The prices of gold dropped by more than 0.42 percent at 26,844 rupees per 10 grams in June futures trade today as profiteers engaged in cut positions in tandem with a weak global trend where precious metal fell to over a 15-week low.

The gold rate touched an intraday high of Rs 26,970 and an intraday low of Rs 26,810.

100McxTips Commodity Advisory said, " In the international market gold touched a three-month low of. Gold prices in the international market is under $ 1265. Support of $ 1270 was down yesterday. The recovery in the U.S. economy and the growing a decrease in demand on gold pressure. It is believed that gold could break even level of $ 1,200.

At Comex gold for August delivery fell to a session low of $1,261.30 a troy ounce, the weakest level since February 7, before trimming losses to last trade at $1,264.70 during European morning hours, down 0.08%, or $1.00.

"A weakening trend in the foreign markets where gold fell throughout 15-week low as encouraging economic data from the United States backed the case of Federal Reserve to keep reducing of monetary stimulus, as demand in China showed signs of decline, weighed on precious metals in futures trade here.", 100McxTips added.

Get more Indian bullion & Yellow metal market news & updates with 100McxTips.  Follow our latest gold market tweets @100mcxtips and Like our Facebook profile page : https://www.facebook.com/100mcxtips

Turnover of Commodity Exchanges declined by 69% to Rs 4.64 lakh crore in April of this year in the amount of slow trades in most commodities, the Forward Markets Commission (FMC) said.

Their business stood at Rs 14.77 lakh during the same month in the relevant year. Maximum fall was noted in bullions, followed by goods of energy, base metals and agri commodities, commodity markets regulator FMC said that the latest release of their data.
Business volume bullion down over 76 percent to Rs 1.68 lakh crore in April this year, compared to Rs 7.15 lakh rupees in the previous year, data showed FMC.

The stock business energy goods as crude oil fell by over 70 percent to Rs 1.04 lakh rupees from Rs 3.5 lakh rupees, whereas the business volume of the metals was reduced by 64 percent to Rs 95.195 million rupees from Rs 2.63 lakh million Rupees in the revision period.

Likewise the turnover in agricultural commodities declined by 35 percent to Rs 96.167 million rupees in April this year, from Rs 1.48 lakh million rupees in the same month of last year.

The researchers said that involvement in the futures markets for commodities has taken a beating because of the higher transaction costs and slower investor trust of after the non-payment of Rs 5,600 crore in exchange for cash NSEL.

FMC also said he addressed to all the national stock exchange not to charge any fee for the audit of its members and must develop internal capacity for this purpose.

There are five national exchanges - MCX, NCDEX, NMCE, ICEX and ACE, and 11 commodities exchanges regionally operating in the country.

News By Economictimes
Get more Indian commodity market news & updates with www.100McxTips.  Follow our latest market tweets @100mcxtips and Like our Facebook profile page : https://www.facebook.com/100mcxtips

The gold spot price fell by 200 rupees per 10 grams to Rs 29,850 in India on Thursday, bringing some joy to by domestic consumers in front of the marriage season. However, contract in June on MCX, gained 0.11% to touch an intraday high of Rs 28,683 per 10 gm. The intraday low was Rs 28,537.

Export data of China unexpectedly China has positively impacted all commodities like gold, "said a commodity advisory senior analyst. In international trade, gold remained below $ 1,300 an ounce after the biggest decline daily within three weeks on speculation that the U.S. Fed be further reduced monetary stimulus measures as the economy does not recover.

Bullion for immediate delivery quated at $ 1290.34 an ounce at 11.47 am in Singapore from $ 1289.88 on Wednesday, when prices fell 1.4%, the highest since 15 April in accordance with Bloomberg generic prices.

Gold tumbled 28% in 2013 to end a 12-year concentration in the expectations that the Federal Reserve would scaling back asset purchases. Janet Yellen, president of the Federal Reserve, had on Wednesday told the Americans lawmakers in Washington that the largest world economy continues to require stimulus, even as findings support the faster growth prospects this year. The U.S. central bank today announced cuts in the purchase of bonds in each of their last four sessions.

"Gold was broken under the psychological level of $ 1,300 an instinctive reaction to the liberation of testimony of Yellen," James Steel, analyst at HSBC Securities (USA) Inc., wrote in a note. "Bullion also been pulled down by what looked to be a de-escalation of the geopolitical tensions. Bullion is probably remain moderate On the short term."

Gold has risen 7.4% this year, partly because the tensions in Ukraine stimulated demand. Russian President Vladimir Putin asked the separatists in Ukraine to delay a vote for independence and said that the Russian forces had withdrawn from the border. But U.S. said there are no signs of retreat.

News By Economictimes
Get more gold market news & updates with 100McxTips.  Follow our latest market tweets @100mcxtipsand Like our Facebook profile page : https://www.facebook.com/100mcxtips

The commodity market regulator Forward Markets Commission (FMC) meet Multi Commodity Exchange (MCX) officials there on 6th May 2014 and examined the progress of the exchange in compliance of the order to cut the participation of parents FTIL 2%  from the current 26 percent. 

MCX departing director General and CEO Manoj Vaish met with officials of the FMC and discussed the progress of divesting, said an official here MCX, without elaborating.

The FMC wanted to get a vision and decision on the status of implementation of MCX in the implementation of the order "fit and proper" against Financial Technologies (India) Ltd (FTIL) and the steps taken in the audit report PwC in the bag.

Earlier, FMC warned MCX not be renewed the contracts or allow new contracts and optionally remove his license to run the stock if the exchange did not fulfill their orders.

FMC hosted the meeting after the FTIL efforts promoted by the employer Jignesh Shah, to sell a 24 percent stake in MCX seemed to have hit temporarily road blockage, with the prospective tenderers including Reliance Capital, by requiring that PwC audit results be shared with them.

Reliance Capital, which is analyzes buying participation in MCX, has also called on FMC to cancel all agreements between the bag and the FTIL.

The FMC, which came into performance of the enterprise the National Spot Exchange Group (NSEL), following a crisis payment of Rs 5,600 crore, had issued a warrant in December claiming FTIL "ineligibility" to maintain stake than 2 percent in MCX. Currently, the promoters hold 26 percent in the commodity exchange.

The FMC had asked to MCX take specific action to ensuring that FTIL decreases its shareholding to 2 percent in Exchange. Although FTIL established MCX, no longer controls the exchange after the order of the FMC.

News By Economictimes
Get more FMC, MCX Commodity market news & updates with 100McxTips.  Follow our latest market tweets @100mcxtipsand Like our Facebook profile page : https://www.facebook.com/100mcxtips

In household markets, MCX gold have been trading around Rs 28,500. Throughout the first week, gold futures prices have declined drastically around 4.5 per cent. But still gold spot markets have been selling up to Rs 30,000.
Rupee against the dollar has opened weak today. On Friday last week rupees has increased the strain by poor IIP data. Sell-off in the silver has dominated. MCX silver is down to Rs 47,000. The fall in international market is visible pressures in the domestic market.


Want to trading in MCX Gold Market, for more information mcx gold tips visit at : http://www.100mcxtips.com/mcx-gold-tips

Silver Imports in India are on track to meet a record this year, wedding and festival season on raises the purchase of the precious metals rather than traditional gold, made it more understaffed and pricier by formal measures taken to reducing the trade gap.
The increase in the purchase is unlikely of provoking a crisp policy response from authorities, as in for gold since the value of silver that imported is much less than the gold and thus it is not critical to the trade balance.  In accordance with metals consultancy GFMS, India imported 4,073 tonnes of silver between January and August more than twice as many 1,921 tonnes in 2012 as a whole, when a rise of prices the demand peak seasonal injured. The record was set of 5,048 tons in 2008.

In other hand,  gold & Silver imports declined by more than 80 percent to $ 0.8 billion in September as a result of a series of steps made by the government to curb inbound shipments for precious metals, a development that will help to reducing the current account deficits records. India, as well the world's biggest buyer of gold, has increased the duty on imported gold three times this year, bringing it to by 10 percent, and in July the government has said that importers that a one fifth of your purchases will must give the export back, leaving only 80 percent for household use.

Commodity Market Trading Advisory 100McxTips.com, Offers Some Trading Ideas for MCX.

• MCX Gold ( December futures ) : Buy - 29200 , Target - 29 600 , with a stoploss - 29050
• MCX SILVER ( December futures ) : Sell - 49600 , with a stoploss - 49 990 and Goals - 48 562
• MCX Crude oil (OCT futures ) : Sell - 6459 , with a stoploss - 6499 and target - 6365
• MCX Natural Gas (OCT futures ) : Sell - 232.50 , target - 227 , with a stoploss - 236
• MCX Aluminum (OCT Futures ) : Buy - 114.50 , target - 117 , with a stoploss - 113
• MCX Nickel (OCT Futures ) : Buy - 860 , Goals - 890 , with a stoploss - 840

100McxTips.com  also offers for  newbie traders  MCX Trial Tips, Visit Here.

At MCX Gold futures prices up 0.8% to Rs 29,000/10 gm today as a profiteers broadened their positions on back to reassert global trends.
At the MCX, gold for February 2014 delivery  increased by Rs 228, or 0.79 percent at 29,000 rupees/10 grams, with a turnover of of 11 lots. 
In a similar manner on metal for delivery in Gold  December rose by 226 contracts rupees or 0.69 percent at 29,290 rupees/10 grams, with a trade volume of 638 lots. Market observers told that the increase in gold futures was particularly in line with a firm trend into foreign markets as a partial government shutdown took seventh day, spurring speculation that the political deadlock may encourage the Fed to prolong incentive.

MCX Trading Tips for Today. By MCX Commodity Advisory (100McxTips.com)

MCX Gold Trading Tips (December futures): Buy - 29300, with a stop-loss - 29 190 and Goals - 29 430

MCX Copper Trading Tips (Nov futures): Sell - 458, with a stop-loss - 464 and Goals - 448

MCX Crude oil Trading Tips (OCT futures): Sell - 6420, with a stop-loss - 6455 and target - 6350


For Trial Sure shot bullion, base metals & energy commodity trading tips visit us at www.100McxTips.com.

Today beginning with decline in gold & silver. due to stronger rupee MCX gold is around 1 per cent at about Rs 29,900. Silver fell by 1 per cent at Rs 48,000. Gold and a silver are also vulnerable to to international exchange. Crude oil has seen plummeting in domestically market. MCX crude oil is down 1.5 per cent fall to Rs 6,400.
Today offloading trend in base metals. MCX Copper is 1 per cent fall to Rs 450. Zinc, lead, aluminum, nickel is in the 1 to 0.5 per cent decline.




At MCX, Commodities delivery Open market  prices  – As on Oct 4, 2013

• COPPERM 29-NOV 2013, Opening Price: 452.80, High: 452.80, Low: 450.00
• COPPER 29-NOV 2013, Opening Price: 452.30, High: 452.30, Low: 449.70
• SILVER 05-DEC 2013, Opening Price: 48201.00, High: 48201.00, Low: 47990
• SILVERM 30-NOV 2013, Opening Price: 48512.00, High: 48512.00, Low: 48000
• SILVERMIC 30-NOV 2013, Opening Price: 48650.00, High: 48650.00, Low: 48150
• ZINCMINI 31-OCT 2013, Opening Price: 115.00, High: 115.00, Low: 114.10
• ZINC 31-OCT 2013, Opening Price: 115.00, High: 115.00, Low: 115.00
• LEADMINI 31-OC T2013, Opening Price: 127.05, High: 127.25, Low: 126.20
• LEAD 31-OCT 2013, Opening Price: 127.00, High: 127.00, Low: 126.20
• ALUMINIUM 31-OCT 2013, Opening Price: 111.10, High: 111.10, Low: 111.10
• ALUMINI 31-OCT 2013, Opening Price: 111.60, High: 111.60, Low: 111.20
• NICKELM 31-OCT 2013, Opening Price: 842.10, High: 842.10, Low: 839.50
• NICKEL 31-OCT 2013, Opening Price: 841.20, High: 841.20, Low: 839.00
• GOLDGUINEA 31-OCT 2013, Opening Price: 24100.00, High: 24100.00

For Today India Stocks Market Future Intraday Tips By 100McxTips

• Tata Motors DVR is a 'BUY' call with a target of Rs 185 and a stop loss of Rs 169.
• Cairn India is a 'BUY' call with a target of Rs 340 and a stop loss of Rs 328.
• Tata Motors DVR is a 'BUY' call with a target of Rs 185 and a stop loss of Rs 172.
• L&T Ltd is a 'BUY' call with a target of Rs 860 and a stop loss of Rs 810.
• Jindal Steel Ltd is a 'BUY' call with a target of Rs 255 and a stop loss of Rs 235.
• Bajaj Auto Ltd is a 'BUY' call with a target of Rs 2,170 and a stop loss of Rs 2,080.
• SAIL is a 'BUY' call with a target of Rs 60 and a stop loss of Rs 52.

For sure shot tips on your mobile calls : : +91-9755092012 or visit www.100mcxtips.com for mcx tips.

Despite the decline at global market, gold has recovered strongly in the domestic market. MCX gold prices rose 1.48 % to run across again at  Rs 30,000. With a gain of 1 %, while mcx silver is trading at Rs 48 450. Notably that today has strengthened by nearly 1 per cent to rupee. Despite this it is increasingly witnessing and compared with MCX Gold futures for October December futures is trading down Rs 800. MCX crude oil in international markets despite slowdown is 1 per cent plus. MCX crude oil is trading at Rs 6434. Natural gas in the domestic market fell over 3 percent. MCX Natural gas prices have plunged by rupee 221.60.
With a slight decline of 0.02 per cent on MCX Copper is trading around Rs 458. Aluminum 0.75 per cent, 1 per cent nickel, lead and zinc also 0.97 per cent to 0.47 per cent recorded



MCX Commodity Market Investments Future Trading Tips By 100McxTips

Gold Tips (December futures): Buy - 29150, stoploss - 28 900 and Target - 29500

SILVER Tips (December futures): Buy - 48400, stoploss - 48000 and the target - 49000

Crude oil Tips (October futures): Sell - 6440, stoploss - 6460 and target - 6400

Zinc Tips (OCT futures): Sell - 116 to 116.5, stop - 117.3 and Goals - 115.

Copper Tips (Nov futures): Sell - 459, stoploss - 462 and Goals - 455


For Sure Shot Trial MCX Commodity Intraday Trading Calls visit us at www.100McxTips.com.