Ncdex Cardamom Latest News Update By MarketMagnify

Cardamom prices fell by 0.23 per cent on Wednesday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. 

At MCX, Cardamom futures for March 2016 contract were trading at Rs. 648.30 per kg, down by 0.23 per cent, after opening at Rs. 648.40 against the previous closing price of Rs. 649.80. It touched the intra-day low of Rs. 644 till the trading. (At 10.45 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. 

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Ncdex Mentha oil Latest News Update By MarketMagnify

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Mentha oil settled up by 1.01% at 941.9 rising demand at the spot market following restricted arrivals from producing belts of Chandausi in Uttar Pradesh. Investors are flocking to mentha oil in anticipation of an increase in prices owing to a 36% fall in production this year.

Trading Ideas:
Menthaoil trading range for the day is 914.5-959.1.
Mentha oil spot at Sambhal closed at 1057.00 per 1kg. Spot prices is down by Rs.-1.10/-.
Mentha oil prices ended with gains rising demand at the spot market following restricted arrivals from producing belts of Chandausi in Uttar Pradesh.

Jeera Latest News Update By MarketMagnify

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Jeera prices closed higher by 1.19 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions.

 At the NCDEX, jeera futures for March 2016 contract closed at Rs. 14,425 per quintal, up by 1.19 per cent, after opening at Rs. 14,225 against the previous closing price of Rs. 14,255. It touched the intra-day high of Rs. 14,475. 

Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries.

Today's Mcx Market Update on Zinc

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Zinc futures bit the dust on Tuesday, with prices tanking nearly 3 per cent in the domestic market as investors and speculators exited positions in the industrial metal amidst weak physical demand for zinc in the domestic spot market. 

Further, a surprise in dip in industrial output in Germany signaled worries over the health of Europe’s biggest economy, dimming the demand outlook for the industrial metal

At the MCX, Zinc futures for February 2016 contract closed at Rs 114.55 per kg, down by 2.92 per cent after opening at Rs 118, against the previous closing price of Rs 118. It touched the intra-day low of Rs 111.8

Mcx Gold Silver Market Trend & News Update

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MCX Gold Spot gold prices rose by 1.5 percent on Monday to close at $1190.8 per ounce as prices rose to a 7-1/2-month high, briefly nudging above the psychological level of $1,200 an ounce, as sliding stock markets and worries over global economic growth prompted investors to seek safety.On the MCX, gold prices rose by 2.67 percent to close at Rs.28458 per 10 gms.

MCX Silver Spot silver prices rose by 2.3 percent on Monday to close at $15.3 per ounce in line with strength in gold prices coupled with weakness in the dollar index.On the MCX, silver prices rose by 3.69 percent to close at Rs.37127 per kg.

Live Mcx Market News On Silver

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Silver settled up 2.66% at 35732 tracking Comex Silver's gains which climbed nearly +3.10% to their highest settlement level in more than 3 months as a drop in the US ISM services index weighed on the dollar, lifting the bullion as investment appeal. On Wednesday morning, the ADP Institute said in its January employment report that private payrolls last month rose by 205,000

Trading Ideas:
Silver trading range for the day is 34520-36396.
Silver rallied marking its best day in two weeks as the dollar slid after investors scaled back expectations for a near-term US interest rate increase.
Dollar hit its lowest against the euro since last October and wiped out recent gains against the Japanese yen after soft U.S. services sector data.

Best Mcx Market Update On Crude oil Tips

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U.S. oil futures extended losses into a third session in early Asian trade on Wednesday as U.S. crude stocks last week surged to more than half a billion barrels, stoking concern over global oversupply.

Milder weather forecast for the last eight weeks of the U.S. November-March winter heating season has further dampened demand hopes.

The front month contract for West Texas Intermediate (WTI) was down 40 cents at $29.48 at 0035 GMT, after settling down $1.74, or 5.5 percent, in the previous session.