Monday 6 April 2015

Commodity Market News-06 April 2015

Free Commodity Tips

BULLION

Gold June future has jumped 1.5 per cent at $ 1,218.90.

The MCX Gold June futures have gained 1.4 per cent so far in trades today and have also cleared the higher-end of the Bollinger Band on the daily charts which is at $ 26,880.

Silver May delivery has extended gains, the precious white metal has now surged almost 3 per cent to $ 17.180.

The MCX May Silver futures have started the day on strong note, with a surge of nearly Rs 300 at Rs 37,635 owing to gung-ho rally in NYMEX Silver prices.

The Silver prices soon extended gains and jumped to a high of Rs 38,205 - up Rs 856 from its previous close of Rs 37,349.

ENERGY

Crude Oil and Brent Oil May futures have spurted over 2.5 per cent each at $ 50.47 and $ 56.40, respectively.

The MCX Crude Oil April future is trading on a firm note following the international Crude Oil prices.

The Crude Oil price in India is trading higher by 3 per cent at Rs 3,127.

Natural Gas May future has bucked the trend and dropped 1.4 per cent at $ 2.675.

The Indian Natural Gas opened with a loss of 0.6 per cent at Rs 168. Thereafter, the energy future has extended losses and has slipped over a per cent to a low of Rs. 167.20.

The Natural Gas price in India has shed 0.9 per cent at Rs 167.50.

BASE METAL

Copper May delivery has also surged over 3 per cent to $ 2.820.
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