Page 6 - Mcx

Silver price falls on US job data and China stimulus; Should you buy dips?

Silver surged on disappointing US weekly jobless claims data, though hotter-than-expected US CPI inflation data led to a volatile session

MCX launches cotton seed wash oil futures, offers cash-settled contracts

Leading commodity bourse MCX on Tuesday announced the launch of cotton seed wash oil futures. Each contract will have a trading unit of 5 tonne with a base value quoted in Rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement. The margin requirement for entering into the contract is approximately 12 per cent, providing participants with affordable access to hedging. Contracts will be cash-settled, providing greater convenience and efficient opportunity for risk management for participants across the supply chain, the statement added. According to MCX, the futures trading in cotton seed wash oil will help the cottonseed oil industry, particularly the crushers, who often grapple with price volatility due to fluctuating market dynamics, raw material availability, and unpredictable international trend.

Gold trading Strategy: Avoid large short positions; check key levels here

Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.

Silver strategy: Buy the dips; support at Rs 87,500, resistance at 91,500

Surging US Dollar Index and tumbling bond prices are acting as headwinds for the metal as the US rate cut pace has become somewhat uncertain in the short term. Dip buying is preferred.

Gold trading levels today: Buy dip in yellow metal amid Iran-Israel news

Gold price today: Gold prices are expected to be highly volatile on geopolitical worries and crucial nonfarm payroll report.

Stock Market Holiday: BSE, NSE to remain closed on October 2; key updates

Stock Market October Holiday: Is the Indian stock market closed tomorrow? Will NSE, BSE be open for trading on Gandhi Jayanti 2024? All you need to know about stock market holidays in October

BSE, MCX shares jump up to 6% after transaction fee revision for brokers

BSE Share price surged up to 6.3 per cent at Rs 3,920 per share on the NSE, while MCX shares surged 3.8 per cent at Rs 5,879.55 per share intraday

Transaction charges on NSE, BSE, MCX, Higher STT from today: Things to know

From Tuesday onwards i.e effective October 1, 2024, the Indian financial markets will undergo several reforms that investors must know

F&O transaction fee revision sends MCX shares to hit record high on Sep 25

MCX share price: The futures contract on MCX will invite a transaction fee of Rs 2.1 per lakh of turnover value, while the options contract will be charged Rs 41.8 per lakh of premium turnover value

Here's how to trade Silver on September 25; Check resistance, support here

On Tuesday, silver surged sharply higher on an unexpectedly huge stimulus package announced by China's Central Bank and the Chinese authorities.

MCX stock has doubled from June low; up 340% in 16 months; here's why

MCX share price today: MCX hit a new high of Rs 5,966.55 as they rallied nearly 6 per cent on the BSE in Wednesday's intraday trade

BSE zooms 19% on heavy volumes; MCX surges 8% on positive outlook

The outlook for Indian equities market in FY25 appears promising, supported by various factors such as economic recovery, stable government, increased focus on reforms, and rise foreign investments.

Silver trading strategy today: Buying the dips recommended; key levels here

On Thursday, spot silver rallied to a nearly three-week high on Fed rate cut bets and firmer industrial commodities.

Silver trading strategy today: Buying on dips suggested; Resistance at $30

Spot silver was steady around $28.30 at the time of the MCX closing. The MCX December silver contract at Rs 73,700 was up around 0.07 per cent.

Gold trading strategy today: Resistance at $2,550; Support at $2,446

Spot gold was trading with a gain of around 0.20 per cent at $2514 at the time of the MCX closing. The MCX October gold contract at Rs 71,903 (LTP) was up 0.38 per cent.

Crude Oil Strategy today: Check target price, resistance & other key levels

Oil prices showed marginal recovery on Monday to settle a per cent up at $68.71, following its worst weekly fall since October 2023 as WTI fell 8 per cent and Brent was down 10 per cent.

Gold: Buy the dips; key resistance at $2,550 in focus for yellow metal

Spot gold was trading with a gain of 0.78 per cent at $2,515 at the time of the MCX closing. MCX October gold was at Rs 71,948 (LTP), up 0.67 per cent on the day

Crude Oil: Check trading strategy, target price and other key levels here

Oil recorded its first back-to-back monthly decline amid signs of sluggish demand in China and the United States raised concerns about future consumption growth.

MCX, Lupin, TechM, Trent among 5 F&O stocks to Buy ahead of August expiry

Granules, MCX, Colgate, Trent, Dr.Reddy's, Glenmark Pharma, Voltas, Lupin, Tech Mahindra, Coromandel International and Balrampur Chini among F&O stocks are holding a PCR in excess of 1, shows F&O data

Silver prices remain vulnerable amidst weakness in industrial commodities

Silver price outlook by Sharekhan: Silver continues to lag gold as investors are concerned about the global economy, especially the Chinese and the US economies