Commodity Online Daily Commodity Trends

India gold to trade lower on Greek debt concerns

Gold settled in negative territory as uncertainty over Greece's future saw market participants move to cash ahead of the weekend.

India silver under pressure on global debt concerns

The Gold Silver ratio should push lower. The past three Friday’s has seen the ratio close near current 51.27. Down side support is at October low 49.33 with resistance back at 52.50.

Crude oil expected to remain higher on Euro debt worries

Crude oil ended with gains on short covering after prices fell Friday after a far-right party in Greece refused to sign off on austerity measures, denting the country's efforts to secure an EU-IMF bailout package to avoid a crippling debt default.

MCX copper to witness volatile trend on industrial demand

Copper settled flat after felling Friday erasing the gains made earlier in the week as fresh worries about debt-laden Greece and the health of China's economy sent traders cashing out of the industrial metal.

MCX zinc to trade higher on global cues

Zinc yesterday traded with the positive node and settled 0.29% up at 103.55 as market concerns improved last Friday as finance ministers of the Euro zone did not approve the second bailout plan for Greece, while Standard & Poor's announced it

MCX nickel expected to jump on firm global cues

Nickel yesterday traded with the positive node and settled 0.3% up at 1034.7 tracking LME nickel which opened at USD 21,700/mt and closed at USD 20,800/mt, down by USD 900/mt from a day earlier, with the highest price at USD 21,700/mt and the lowe

NCDEX guar seed to surge on limited stocks

Guarseed yesterday we have seen that market has moved 4% buoyed by exporter demand to meet commitments and on lower stocks with traders amidst lack of fresh arrivals in spot markets.

NCDEX pepper may remain higher on weak arrivals

Pepper February delivery gained Rs 30 and settled at Rs 29780/quintal on lower arrivals in the spot market. Industry officials are estimating 43,000-45,000 tonnes of domestic pepper output for 2012, compared with 49,000 tonnes last year.

MCX metha oil likely to jump on industrial demand

Menthaoil February contract gained Rs 15.1 and settled at Rs 1578.7 on pick-up in industrial and export demand in the spot market.

NCDEX soybean to witness volatile trend on demand concerns

Soyabean yesterday we have seen that market has moved 0.5% on some buying support despite of weak spot demand.

NCDEX chana under pressure on profit booking

Chana dropped Rs 72 and settled at Rs 3399 per quintal on profit booking after prices gained heavily on expectations of a lower crop and revival of consumer demand during the approaching holi festival.

NCDEX turmeric to trade higher on firm spot demand

Turmeric yesterday we have seen that market has moved 4.02% tracking a rise in physical prices due to good demand and lower-than-expected arrivals from the new crop in the spot market. Arrival pressure is not building up.