Leading Indian commodities Advisory Company in Delhi, India
by Kanak Trades Best MCX Commodity Advisory CompanyKanak Trades is an authorized and one
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Commodities marketplaces have started return the good days. In the first two several weeks of financial year 2016, the revenues of commodity transactions has grown about 17 %. After the fall of the last two years the revenues has been growing over the past two several weeks. During these two several weeks have revenue of over Rs 11 lac crore and majority of the quantity is of raw oil and Agri products. In the Energy section, trading has been improved by 55 %, while the Agri products revenues has grown about 17 %. Although precious metals revenues is dropped by about 7 %.
Non-form payroll data will be released today in the US and before this the dollar has gone at about 7 months. Actually, yesterday's weekly figures of unemployment had come here. They were quite good. Thus, the market's look remains unchanged on non-farm payroll to be released today. However, gold has weakened earlier. There is a turnover of 2 months at the lower level. Meanwhile, the news is that global funds are pulling their hands behind gold.
The trend of crude oil has changed after yesterday's rise and today it is seeing pressure from the upper level. But despite the pressure, Crude on NYMax is above $ 50. Brent is trading near $ 57. After yesterday's recovery, the rupee has again weakened against the dollar today. The price of one dollar has crossed 65.40 rupees. Crude oil on MCX is seen around Rs. 3312 with light weakness. However, natural gas is trading 1.1 per cent down to 190 rupees.
Non-form payroll data will be released today in the US and before this the dollar has gone at about 7 months. Actually, yesterday's weekly figures of unemployment had come here. They were quite good. Thus, the market's look remains unchanged on non-farm payroll to be released today. However, gold has weakened earlier. There is a turnover of 2 months at the lower level. Its price at the comma is below $ 1270. But there is little strength in silver. On MCX, gold is showing a weakness of 0.13 per cent, below Rs 29350. Whereas, silver is showing around Rs. 39140 with a small decline of 0.08 percent.
The trend of crude oil has changed after yesterday's rise and today it is seeing pressure from the upper level. But despite the pressure, Crude on NYMax is above $ 50. Brent is trading near $ 57. After yesterday's recovery, the rupee has again weakened against the dollar today. The price of one dollar has crossed 65.40 rupees. Crude oil on MCX is showing an increase of 0.15 per cent around Rs 3318. However, natural gas is trading 1.1 per cent down to 190 rupees.
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Created on Oct 11th 2017 05:32. Viewed 838 times.