Gold has almost lost the lead of this year. The Gold which gave 30% returns until July; is now remained only 6% above from January level. After winning of Donald Trump and increasing of interest rates in the US, the Gold fell nearly 12%. Yesterday, it had fallen sharply. Although today is trying to recover. Silver also is trying to recover. volatility in Crude Oil.
At MCX the Gold February future contract is trading at 27096 with a gain of 0.28%. Silver is trading near 39586, Crude Oil and Natural gas are trading with decline.
In Agri-commodities, Kapas April Future is trading with gain; while Jeera January future contract is trading near 17505 with the decline of 1.24%.
MCX NCDEX Commodity Recommendation
Silver MCX (March Future) Sell below: 39551.27 Targets: 39521.31, 39471.62, 39421.95 Stop loss : 39601.00.
Natural Gas MCX (December Future) Sell below: 228.77 Targets: 225.11, 221.38, 217.67 Stop loss: 232.56.
Jeera NCDEX (January Future)Buy above: 17490.06 Targets: 17514.38, 17547.47, 17580.60 Stop loss: 17457.02.