Gold Trend :- World Gold Council has also put his seal on decreased Gold demand in India. Now China Gold demand highest than India. According to World Gold Council during April and June India Gold imports have been reduced to 56%. India Gold demand declined by 38%. India's Gold jewelery consumption is decreased about 30% due to high Gold prices not only Gold investment demand also has declined by 50%. World Gold demand has seen reduction. World Gold Council claims that during April - June world Gold demand decline by 23%. However Chinese Gold demand is decline low. World Gold Council claiming that China will become the world's largest Gold consuming country.
MCX Gold Tips :- MCX Gold with strength of 0.3% is close to Rs 30 100 while silver is trading at Rs 53 580 with 0.3% jump. Gold October futures Buy - 29 930, stoploss - 29 802, target - 30 170.
Crude Oil Trend Today :- Crude Oil has recovered strongly. MCX Crude Oil is trading above Rs 5,200. After the upper level of 3 months in international market now Crude Oil is seeing on selling pressure but NYMEX Crude Oil still on $ 94 and ICE Brent Crude is trading above $ 115. United States Crude Oil reserves has decreased nearly 37 million barrels while consumption has reached height of more than 9 months. MCX Natural gas slipped 2% and has come down to Rs 156. MCX Tips Free Trial
MCX Copper Tips :- Copper is looking light strong while Nickel is in selling pressure. London Metal Exchange Copper move very dull. This year since June China has cut interest rates 2 times despite of in July very poor Economic data cames. Copper August futures Buy – 412, target – 417, stoploss – 408.