Bullion counter may trade sideways; Gold 29500-29900 range
Commodity Online | October 14 2016
UPDATED 09:58:36 IST

MCX Mentha Oil likely to move in a range of 944-965.6

MCX Aluminium may trade between 142.7-145.5 levels

MCX Nickel likely to move in a range of 1043.9-1081.7

MCX Copper under fresh buying; Support seen at 520

MCX Zinc under long liquidation; Resistance seen at 192.3

Bullion counter may trade sideways as Yellen speech later today will give further direction to the prices. Furthermore stronger dollar index can exert pressure on the prices. Gold can move in range of 29500-29900 while silver can move in range of 41600-42000 in near term. Markets will next look to Friday's U.S. retail sales data and remarks from Fed Chair Janet Yellen, who will address a Boston Fed economics conference at which Boston Fed governor Eric Rosengren will also speak.

Holdings of the SPDR Gold Trust (GLD), the world's largest gold-backed exchange-traded fund, rose 0.28 percent to 961.57 tonnes on Thursday. South Africa's mining output fell 0.2 pct in August, according to Statistics South Africa's monthly mining production data released on Thursday.

Courtesy: Smc Comtrade

Commodity Arrivals Rate
Mustard Oil 1 10300.00
Coconut Oil 0.1 18100.00
Arecanut 4 36588.00
Sugar 30 3550.00

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