MCX Bullion Trend, Gold prices are expected to rise.

Gold prices are expected to rise.
MCX Copper expected to trade up on active buying.
MCX Crude may fall on active selling.
MCX Gold likely to move further higher Gold trades up, mixed trends in base metals.
We expect base metals to Trade up today.

MCX Gold Tips (Buy Call)

BUY GOLD AROUND 20451-480 SL 20330 TP 20800

MCX Bullion Tips For Next Week, Market News for MCX, Live market Trends, BULLION Silver TIPS

BUY SILVER i expect TARGET 50350 NO S.L (21-02-2011 Evening Round up)

 1. Buy Call (Precious Metals)

2. MCX Precious Metals are expected to rise.
3. MCX GOLD likely to move higher Gold trade up.

4. MCX Silver price Will Reach Till 51,000 Soon this month.
 MCX Silver News || Market Prediction 
Earn huge money from MCX Bullion.
MCX Silver price Will Reach Till 51,000 Soon this month.

1. Now Mixed trends in Base metals.
2. MCX Precious Metals are expected to rise.
3. MCX LEAD price are expected to low.
4. MCX GOLD likely to move higher Gold trade up.
 Market News for MCX, Live market Trends, BULLION TIPS For Future

 Bullion : Gold prices have gained almost 1 percent in the last week as geo political concerns in Egypt coupled with worries over inflation supported demand for the yellow metal. Sharp gains in gold were capped on account of dollar strength. Worries in Egypt have intensified as President Hosni Mubarak has refused to step down on an immediate basis. This has raised concern that the worries could have spillover effects in the neighboring countries. On the back of this, we expect gold prices to continue to witness upside. Gold prices gained sharply in the mid of last week, as rise in interest rates by China for the second time in just over six weeks benefited gold’s status as an inflation hedge. But prices managed to rise despite fading safe-haven demand which is indicative from rising US equities and improving US economic data. This is because inflation worries overshadowed the improvement in economic scenario especially after rise in interest rates in China. Holdings in the world’s largest gold backed fund the SPDR Gold Trust continued its downtrend as it fell to 1225.526 tonnes by 10th February, marking their lowest since late January. For this week, Bullion prices will come under pressure on easing concerns in Egypt. Spot gold has a strong support at $1343/$1330 levels and resistance at $1380/$1392 levels. MCX April Gold has a strong support at 20,100/19,900 levels and resistance at 20,640/20,730 levels.

Base Metal : The base metals pack has declined sharply in the last week, lead and zinc fell by 3.4 percent and 3.2 percent on the LME respectively. Dollar strength, geopolitical concerns in Egypt and worries over monetary policy tightening in China put downside pressure. Aluminum production in the US rose 1.3 percent in January as compared to the prior month. Actual production for January 2011 totaled to 151,590 tonnes which is up from 141,688 tonnes in January 2010 and was higher than 149,621 tonnes output in December. Average daily production of aluminium increased to 4,890 tonnes in January as against 4,826 tonnes in December. For this week, base metal prices will get some relief on latest developments in Egypt. Weakness in the dollar on the back of easing concerns in Egypt will also support a rise in metals. MCX February Copper shall find a strong support at 448/442 levels and resistance at 465/ 472 levels for this week.

Commodity	Rs.	Unit
Gold	2059	10 grams
Silver	47263	kg
Crude Oil	3903	barrel
Natural Gas	175.6	mmbtu
Aluminium	113.8	kg
Copper	448.15	kg
Nickel	1299.8	kg
Lead	118.2	kg
Zinc	113.3	kg

Most Active Scraps in MCX, Precious Metals Continue Lead Market

In mcx precious metals (gold,silver) continue hike as well as continue lead the commodity boom, now almost all mcx traders has question in mind that the gold and silver where does stand. About the gold already attained its peak levels so that downward journey is possible. And in silver continue lead commodity market.

Most active scrap in mcx where we can play also earn money

1.Silver
2.Gold,copper&Natural gas
3.Crude Oil

price on 14-02-2011at 8:10pm

Silver price Expiry 05 march 2011 contract

Expiry Month Unit Open High Lower LTP

05march2011 1kg 45420 45968 45347 45871

Gold price Expiry 05 April 2011 contract

05april2011 10grms 20325 20366 20282 20346

MCX Buliion Tips – MCX Commodities Markets

You can earn Huge money From Mcx With Applying Proper Strategy.
MCX Commodities are a great and huge source of profit from Indian commodities traders the MCX . There are various commodities being traded on these exchanges ranging from Gold, Silver, Copper, Crude, Nickel, Aluminum, Zinc, Lead. Thousands of traders are trading in the volatile and dynamic commodities markets. Some make profits and some end up making losses regularly. With the volumes on Indian Commodities markets increasing day by day they have made some great achievement in terms of volume and the number of contracts being traded.in MCX Trade Precious Metals / Bullion ( Gold, Silver, Platinum) , Base Metals ( Copper, Nickel, Zinc etc) and Energy (Crude Oil, Heating Oil, Natural Gas)

Comex Gold Trading Lower on Thursday Becoase of US Dollar Index Rebounds

Comex gold futures prices are trading lower Thursday morning, as a firmer U.S. dollar index and increased investor risk appetite worldwide work to pressure the yellow metal. Comex April gold last traded down $13.00 at $1,352.20 an ounce. Spot gold last traded down $11.30 at $1,353.00.

New multi-year highs in the U.S. stock indexes this week, combined with multi-month lows in the U.S. Treasury market prices, are suggestive of investor risk appetite that's on the upswing, and that's taking investment demand away from safe-haven gold.

Gold prices extended losses Thursday morning following a bigger-than-expected decline in U.S. weekly jobless claims data that did push the dollar index even higher on the day.

The U.S. dollar index is trading solidly higher Thursday morning, in the wake of the jobless report and on a short-covering bounce in a market that is still overall technically bearish. Still, the overall technically bearish posture of the U.S. dollar index favors the gold market bulls.

Crude oil prices are under mild selling pressure Thursday morning, which is also an underlying negative for gold.

The specter of raw commodity and consumer price inflation increasing in the coming months will limit selling interest in gold, which is an asset held as a hedge against inflationary price pressure.

News earlier this week that China raised key interest rates in a move to curb domestic demand and reduce inflationary pressures has gold traders more focused on the inflationary fires that could become hotter in the coming months. Gold market bulls have also not lost sight of what they call "the U.S. government printing press" that has created so many dollars the past several months, which is also a prescription for increasing inflationary pressure.

China traders and investors are starting to come back from the Lunar new year holiday, and market watchers are waiting to see if strong physical demand for precious metals from the world's most populous nation continues. Some analysts believe Asian demand for physical gold may decrease a bit in the coming weeks.

U.S. economic data due for release Thursday includes the weekly jobless claims report, wholesale trade inventories and Treasury receipts and outlays.

The London A.M. gold fixing was $1,358.75 versus the previous P.M. fixing of $1,365.00.

Technically, the gold market bulls have regained some upside near-term technical momentum this week. Prices are still in a three-week-old uptrend on the daily bar chart.

Gold bulls' next near-term upside technical breakout objective is to produce a close above solid technical resistance at the $1,380.00 area. Bears' next near-term downside price breakout objective is closing prices below solid technical support at this week's low of $1,344.10. First resistance is seen at the overnight high of $1,365.00 and then at this week's high of $1,368.70. Support is seen at $1,350.00 and then at $1,344.10.

March silver futures last traded down 50.0 cents at $29.77 an ounce Thurssday morning. Profit-taking pressure is featured after prices hit a fresh six-week high on Wednesday. Silver bulls still have the solid overall near-term and longer-term technical advantage. Prices are still in a three-week-old uptrend on the daily chart.

The next downside price breakout objective for the silver bears is closing prices below solid technical support at $29.00. Bulls' next upside price objective is producing a close above solid technical resistance at the January contract and 30-year high of $31.275 an ounce. First support is seen at $29.50 and then at $29.26. Next resistance is seen at $30.00 and then at the overnight high of $30.225.  

Gold : prices| facts| figures| research

Gold

Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.

Major Characteristics

• Gold is unique as it is both a commodity and a monetary asset.
• Its stability and high value makes it virtually indestructible and ensures that it is almost always recovered and recycled.
• There is no true consumption of gold in the economic sense as the stock of gold remains essentially constant while ownership shifts from one party to another.
• Although gold mine production is relatively inelastic, recycled gold (or scrap) ensures there is a potential source of easily traded supply when needed, and this helps to stabilise gold price.
• Economic forces that determine the price of gold are different from, and in many cases opposed to the forces that influence most financial assets.

Global Supply Demand Scenario

• The total above ground stocks of gold is estimated to be around 1,63,000 tonnes by Gold Fields Minerals Services (GFMS) as on end of 2008
• Out of this total stock, 51% is estimated to be present as jewellery, 18% as official reserves, 17% held as investment, 12% used for industrial purposes and 2% is unaccounted for.
• Jewellery accounts for almost two-thirds of annual gold demand with investment and industry being the other main drivers. The total annual global demand for gold has averaged 3530 tonnes in the last three years (2005 - 2008). However, it is expected to dip slightly in 2009, owing to the sharp rise in prices.
• Five countries, viz., India, China, USA, Turkey, Saudi Arabia and UAE account for above 60% of gold demand, with each market driven by a different set of socio-economic and cultural factors.
• The total global mine production is relatively stable, averaging approximately 2,455 tonnes per year over the last three years. Recycling of old gold scrap and official sector sales are the other major sources of supply, which have averaged 1084 tonnes and 378 tonnes in the last three years.
• South Africa has been a major gold producer since 1880s and it is estimated that about 50% of all gold ever produced has come from this nation. While, during the early 1980's it produced about 1000 tonnes, the output in 2007 dropped to just 272 tonnes.
• China with a production of 276 tonnes, overtook South Africa as the world's largest gold producer in 2007 for the first time since 1905 that South Africa has not been the largest. The other major producers are USA, Australia, Russia and Peru.
• World Gold Markets
• OTC markets at London (LBMA), New York and Zurich
• Gold derivative exchanges at New York – CME (COMEX), Tokyo (TOCOM), Mumbai (MCX)
• Istanbul, Dubai, Hong Kong and Singapore are doorways to important consuming regions

India in World Gold Industry

India in World Gold Industry

(Rounded Figures) India (In Tons) World (In Tons) % Share (Rounded Figures) India (In Tons) World (In Tons) % Share Total Stocks 15000 160000 9 Central Bank holding 558 30,100 2 Annual Production 3 2450 0 Annual Recycling 250 1100 23 Annual Demand 700 3550 20 Annual Imports 600 --- --- Annual Exports 60 --- ---

Indian Gold Market

• India is the world's largest consumer of gold. Indians normally buy about 25 per cent of the world's gold, purchasing around 700 - 750 tonnes of gold every year.
• However, the sharp price increase in 2008 and 2009 has impacted demand with total demand in 2008 dipping to 660 tonnes. It is further expected to shrink in 2009 with demand in first three quarters of 2009 totaling only around 265 tonnes against 553.5 tonnes in the same period of the previous year.
• As India's domestic primary production of gold is very less, at around 2-3 tonnes a year, the country imports most of its domestic requirement.
• Thus, India is also the largest importer of the yellow metal and has averaged imports of around 600 tonnes a year. However, 2008 imports dipped to around 400 tonnes of gold and it is further expected to dip to around 200-220 tonnes in 2009 owing to high prices.
• India's gold demand is firmly embedded in cultural and religious traditions. It is also valued in India as a savings and investment vehicle and is the second preferred investment after bank deposits.
• Gold hoarding tendency is well engrained in the Indian society and unofficial stocks held by Indians is estimated to be well above 15,000 tonnes, which is around 9% of the total global gold stocks.
• Domestic consumption is dictated by monsoon, harvest and marriage season. Indian jewellery offtake is sensitive to price increases and even more so to volatility.
• In the cities gold is facing competition from the stock market and a wide range of consumer goods.
• Facilities for refining, assaying, making them into standard bars, coins in India, as compared to the rest of the world, are insignificant, both qualitatively and quantitatively.
• In July 1997 the RBI authorized the commercial banks to import gold for sale or loan to jewellers and exporters. At present, 13 banks are active in the import of gold. This reduced the disparity between international and domestic prices of gold from 57 percent during 1986 to 1991 to 8.5 percent in 2001.

Market Moving Factors

Indian gold prices are highly correlated with international prices. However, the fluctuations in the INR-US Dollar impact domestic gold prices and have to be closely followed.

• The global prices are driven by a host of factors with macro-economic factors like strength of the economy, rising importance of emerging markets, currency movements, interest rates being major influencing factors.
• Supply-demand is a major influencer, amid rising global investor demand and almost stable supplies.
• Shifts in official gold reserves, reports of sales/purchases by central banks act as major price influencing factors, whenever such reports surface.
• The investment in gold is influenced by comparative returns from other markets like stock markets, real estate other commodities like crude oil.
• Domestically, demand and consequently prices to some extent are influenced by seasonal factors like marriages. The rural demand is influenced by monsoon, agricultural output and health of the rural economy.

  • Who owns the gold ?

About 30,000 tonnes of the world’s gold [20-25% of above ground inventory] is held in central bank vaults.

Major Central Bank Reserves (2000)

Nations & institutions	Reserves (Tonnes)
USA	8139
Germany	3469
IMF	3217
France	3025
Switzerland	2590
Italy	2452

The totals for other central banks tail off rapidly after these main holders.  Most only hold a few hundred tonnes, and together they make up a bit over 30,000 tonnes in all.
The rest is held by individuals in the form of gold jewellery [approx 70,000 - 80,000 tonnes], coin and privately held bullion [combined at 20,000 tonnes].
90% of the gold above ground has been mined since the start of the California gold rush in 1848. Modern power machinery and chemicals have steadily lowered the price at which gold can be extracted. The average production cost of the world's biggest producer - South Africa - is about $238 per troy ounce. 1997 industry estimates by the Federal Reserve Board suggested an average production cost worldwide of $300 per ounce.

Gold Rises Inflation Concerns After Chinese Rate Hike

As soon as Gold future are higher in the Result of the third chinese rate hike since Tuesday.according to current scenario the tightening as a sing that inflation is gaining traction in country.

Copper initially fell after the rate hike, but has since pared its losses on idea that Chinese demand remain strong.

At 9:22 a.m. EST, most-active April gold futures were $15.20, or 1.1%, higher at $1,363.40 an ounce on the Comdex division of the New York Mercantile Exchange. The market developed technical follow-through momentum as it rose in the aftermath of news that the People’s Bank of China will increase the one-year yuan lending rate moving to 6.06% from 5.81%.

“China raised rates and gold went up as a confirmation of the inflation story,” said George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures.

“Maybe we’re going to see much higher-than-expected inflation numbers out of China,” Zarembski said. “Unless the government really puts the hammer down and makes it known they are serious about cutting inflation, I think the trend overall is still bullish and corrections are a healthy way to get weak longs out of the market.”

Institutional investment demand appears to be returning to gold after its correction lower during the early part of the year.

“In our view, provided there isn’t an over-tightening, then Chinese base metals demand will still be on track for another year of strong, albeit slower, growth” .