Gold prices to trade higher today: Angel Commodities

According to Angel Commodities, yesterday the markets were closed on account of Christmas. On Monday, spot gold prices rose by 1.0 per cent to trade at $1268.5 per tonne.

Angel Commodities' report on Gold

Yesterday the markets were closed on account of Christmas. On Monday, spot gold prices rose by 1.0 per cent to trade at $1268.5 per tonne. The slowdown in the global growth and downfall in the stock market drove the investors to seek safety in the yellow metal. Concerns over the prolonged shutdown of the U.S. government coupled with a slowdown in the global growth have raised concerns amongst the investors. Trump stated that the partial closure of the US federal government will continue until his demand for funds to build a wall at the US - Mexico border is met. Expectations of further rate hikes by FED weighed on the Dollar which provided further support to the precious metal.

Outlook

We expect gold prices to trade higher today on account of political tension in US and Economic Slowdown. However, the stronger dollar might restrict the gains. On the MCX, gold prices are expected to trade sideways today, international markets are trading higher by 0. 32 per cent at $ 127 5.8 5 per ounce.

More related news follow the Market captain

Comments

मेंथा ऑयल रेट टुडे: हफ्तेभर में 4% लुढ़का मेंथा, ₹1300 के नीचे जा सकता है भाव

मेंथा ऑयल का भाव एक हफ्ते में 4 फीसदी गिर चुका है. आगे भी कीमतों में तेज गिरावट के संकेत हैं. इसकी वजह नई फसल की आवक है. इस साल मेंथा का बंपर उत्पादन होने की उम्मीद है. कारोबारियों को जून में कीमतों में बड़ी गिरावट की आशंका है. मेंथा का सबसे ज्यादा उत्पादन उत्तर प्रदेश में होता है. ओरल केयर, फार्मास्युटिकल, परफ्यूम और कन्फेक्शनरी बनाने वाली कंपनियां मेंथा का इस्तेमाल करती हैं. मेंथा तेल की कीमतें पिछले महीने 1,360 रुपये प्रति किलोग्राम तक लुढ़क गईं. गुरुवार को एमसीएक्स पर मेंथा ऑयल का मई वायदा 0.20 फीसदी की गिरावट के साथ 1370 के आसपास कारोबार कर रहा था. वहीं दूसरे नजदीकी कॉन्ट्रैक्ट जून डिलीवरी का भाव 1,255 रुपये प्रति किलोग्राम पर कारोबार कर रहा था. एंजल ब्रोकिंग के डिप्टी वाइस प्रेसीडेंट (कमोडिटीज एवं करेंसी) अनुज गुप्ता ने कहा, 'हमें उम्मीद है कि आगे मेंथा ऑयल में गिरावट बढ़ सकती है. मई कॉन्ट्रैक्ट का भाव नीचे में 1,300-1,280 रुपये प्रति किलोग्राम तक गिर सकते हैं. कंपनियां मेंथॉल और क्रिस्टल बनाने के लिए भी मेंथा ऑयल का इस्तेमाल करती हैं. मेंथा को पुदीना भी क

Sensex Today | Stock market: strong debut, nifty across 11,250

stock markets started the season with great speed. The speed of American and Asian markets has given a good place in the Indian market, which has brought the market up ahead of the election. On the other hand, there will be a re-election in the UK parliament. The strength of money also gave relief to the market. The rupee appreciated by 20 paise to 68.69 against the dollar in early trade. This is the best performance since January 7th. On Monday it was 25 paisa. The US stock market rose sharply on Monday, while Dow Jones rose by 0.79 percent, while the S & P 500 Index gained 1.47 percent. Nasdaq composites climb 2.02 percent At 9.30 in the morning, the BSE index was trading 291 points or 0.787 percent and was trading at 37,345 level. On the other hand, the Nifty 50 index was also recorded at 86.25, or 0.77 percent, at 11,254. BSE Smallcaps and Midcap Index gained strength from three quarter to one per cent. In addition to the telecom index on BSE, the index of all secto

Find out which stock you should buy today

Independent Analyst Kunal Bothrah's Yes Bank Ltd. And MRF Ltd. Recommend to buy these at their target price Yes Bank Ltd. Yes Bank Ltd. Buy shares at target value of 163.0. Yes Bank Ltd. . The current market price of Rs. 152.75. Market Expert has set its time frame Intraday, when Yes Bank Ltd. The price can reach its set target. Kunal Bothara has been instructed investors to keep stop loss Rs. 148 and strictly adhere to it. Yes Bank Ltd., incorporated in the year 2003, is a banking company (market cap - Rs 35390.11 crore) MRF Ltd. MRF Ltd. Buy shares at the target price of 60000.0. MRF Ltd. . The current market price of Rs 57561.65. Market Expert has fixed its timeframe Intra Day, when MRF Ltd. The price can reach its set target. Kunal Bothrah is the directive to investors to keep stoploss Rs 55500 and strictly follow it. MRF Ltd., active in the tire sector, incorporated in the year 1960, is a large cap company (market cap - Rs 24412.72 crore) Anand Rathi's market

Market Captain Investment Advisor

Search This Blog