Best Commodity Tips | Gold Futures Rally In Futures Market

Rudra Investment Experts Says that Best Commodity Tips Gold prices have risen sharply in the futures market. On Monday, the commodity exchange MCX rose by Rs 217, or 0.71 percent, to Rs 30,653 per ten grams on the bullion market on Monday. Similarly, silver for December delivery rose by Rs 206, or 0.56 percent, to Rs 37,199 per kg on MCX. The gold market in the overseas market is around $ 1196 per ounce.

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Brokerage firm SMC Securities said in its report that gold can take support at 30,300 rupees per 10 grams level, whereas its resistance level is around 30,700 rupees per ten grams. Similarly, silver can take around 36,500 support, while its resistance level is around 37,300.

Meanwhile, there has been no change in the holdings of the world's largest gold fund SPDR Gold Trust GLD. On Monday, the holding of SPDR has remained around 742.53 tonnes.

Why rise in gold?

According to Rudra Investment experts, a trade war between America and China is expected to increase. The US is preparing to impose an import duty on some new goods from China.

According to sources, America can again announce a tariff on Chinese goods worth $ 200 billion. This has led to increased demand for safe investment in gold. Besides, the dollar index has seen stability. Last week the dollar index reached a one-and-a-half month high.

Gold rose 12.6 percent from April

Gold prices in the overseas market have climbed nearly 12.6% since April this year. In fact, with the possibility of interest rates rising in the US, gold prices have been declining.

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Rudra Investment Best Commodity Tips Expert says Barclays Bank has said in its new estimate that crude oil can touch the figure of $ 80 a barrel in the short term. It means that there is little hope of immediate relief from petrol and diesel prices.

For the continued increase in the prices of petrol and diesel, the central government is blaming the ongoing turmoil at the international level. At present, no announcement has been made regarding relief from his side. In such a case, if you are waiting for softening in crude oil, then it is currently difficult to meet.

Barclays Bank has said in its new estimate that crude oil can touch the figure of $ 80 a barrel in the short term. It means that the prices of petrol and diesel are less likely to be relieved in the coming days.

Barclays has said in its foreclosure report that there were concerns about crude oil in 2017. Its supply was also expected to be better. But now everything has changed. Earlier, the bank had estimated crude oil to be $ 55 per barrel by 2020.

But in its new report, the bank has said that in 2020 Brent Crude could remain at $ 75 a barrel. On the other hand, many OPEC countries supplying the oil are not able to supply supplies. "

Oil strategist Harry Chillinguran associated with BNP Paribas told the Reuters that supply of crude oil may be reduced in 2019. The production is down in Venezuela. This is going to affect the supply.

They have speculated that Brent Crude could live at $ 79 a barrel in 2019. Because of this, it is difficult to get relief from the rising prices of petrol and diesel even further.

At the international level, if crude oil prices continue to rise, then the government will have to take any action. Otherwise, it is difficult to get relief from fuel prices quickly.

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Gold also got to see the softness on Tuesday. The dollar is almost a week's height due to the danger of trade war. It is affecting gold. However, Rudra Investment experts say that Best Commodity Tips, gold can be advantageous if the prices rise in emerging markets. Even in the domestic futures market, there was a trend of a slowdown in gold and silver in early trade.

On the Commodity exchange MCX, October delivery was trading at Rs. 30,232 per 10 gram with a weakness of Rs. 0.31 percent, or Rs. 95 per kg. It had a volume 1245 wave. Silver also found a weakness. Silver's September futures fell by 0.12 percent, or 46 rupees to Rs 36,770 per kilogram.

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Gold in the overseas spot market dropped 0.1 percent to $ 1,199.40 an ounce. US Gold futures also fell 0.1 percent to $ 1,206 per ounce. The market sentiment is weak with the growing trade war between the US and China. U.S. President Donald Trump wanted to implement a plan to impose $ 200 billion import duty on China.

On the other hand, worrying about the growing crisis in Argentina, there has been concern about emerging markets. On Monday, Argentine President Mauricio Macri announced the reduction in government spending along with imposing new taxes on exports. Meanwhile, the central bank of Turkey also said on Monday that it will take big leverage for the price stability. From there, interest rates are expected to increase.

Best Commodity Tips | Natural Gas Prices Can Increase 14%.

Best Commodity Tips | Government may increase the price of Domestic Natural Gas by 14% by October. This decision will increase the cost of electricity and urea as well as an increase in CNG in the country. Sources familiar with the development said that the price of natural gas from October 1 is expected to increase to $ 3.5 million British thermal unit (MMBTU), which is currently $ 3.06.

New prices may be announced on September 28

It is worth noting that natural gas prices are fixed every six months based on the average rates of countries with a gas surplus like the US, Russia, and Canada. Sources said the new prices are expected to be announced on September 28. India imports half of the gas compared to its requirement, for which it has to pay twice as much compared to the domestic prices.

The new price will be applicable from October 1

It is clear from October that natural gas prices are estimated to be worth $ 3.50 per MMBtu for 6 months. It will be the highest level after October 2015 and March 2016, when Domestic Producers was paid $ 3.82 per MMBTU for Natural Gas.

ONGC and RIL will get an advantage

Rudra Investment Best Commodity Expert said that Oil and Natural Gas (ONGC) and Reliance Industries (RIL) will get the benefit of increasing prices. However, it will also see an increase in the prices of CNG in the country, for which natural gas is used as input. This will increase the cost of urea and power generation in the country.

The government has increased the price twice in three years

With this, gas prices have been increased to $ 3.06 per MMBTU for the April-September, 2018, compared to $ 2.89 billion during the last six months. This was the second increase in Natural prices during the last three years. Sources said that the government can also increase the alternative fuel-based price limit for undeveloped gas blocks in inaccessible areas like the deep sea. He said that the existing formula is impractical for such areas.

Best Commodity Tips | Gold Faded From The Weakness Of Rupee

Rudra Investment Best Commodity Tips provider says that the despite the low of International Prices, the brightness of gold in the first half of 2018 has been diminished. Gold is expensive in the country due to the rupee weakening against the dollar. Gold demand in the first half of the current year is less than 6% compared to the same period last year.

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The demand for jewelry in the first half of 2018 was 284.7 tonnes, which is 6% lower on a year-on-year basis. Gold investment demand declined by 9% to 78.6 tonnes.

In the second quarter (April-June) of the current calendar year, the demand for gold in the country is 8% less compared to the same period last year. In the second quarter, gold's global demand also dropped by 4% to 964 tonnes.

However, consumer demand in the world's largest gold market has increased by 7%.

Gold smuggled after the Goods and Services Tax (GST) was implemented in the country, but it did not happen and gold illegal trade is still in progress.

Rudra Investment Best Commodity Tips expert said, "After the GST is implemented, Gold Trade is already doing more compliance. But due to the import duty of 10% higher, gold is coming in an illegal way through the country. "

In June, the sale of gold was declining due to more month (time considered inauspicious for Hindus). After this, farmers started planting sowing due to the start of the monsoon and even less gold was less. In the rural areas of the country, many farmers take loans to purchase items related to farming like seeds by pledging gold instead of buying gold jewelry in the monsoon season.

Free Commodity Tips | LPG Price Hike By 1.76 Rupees

According to the Rudra Investment Free Commodity Tips Provider, Subsidized LPG cylinders increased by 1.76 rupees on Tuesday. It will be priced at Rs 498.02 per cylinder from 12 o'clock in Delhi on Tuesday night. Indian Oil business announces this increase by issuing a statement. Changes in the base price and tax effect on it have increased.

It is to be noted that LPG cylinders are priced in accordance with the average international standard rate of LPG and foreign currency exchange rate, on which basis the financial support amount changes every month. In such a situation, when the international price increases, the government gives more subsidy, but according to the tax rules, the sum of goods and services tax (GST) on LPG is decided only at the market price of fuel. In such a situation, the government can give a portion of fuel price as a subsidy, but the tax is to be paid at the market rate.

This has led to the effect of tax calculation on LPG, which has increased its prices. The subsidized LPG cylinder will be priced at Rs 498.02 in Delhi on Tuesday midnight, which is now Rs 496.26 per cylinder. Significantly, all customers have to buy LPG cylinders at market price. However, the government subsidizes 12 cylinders of 14.2 kg in a year, in which the amount of subsidy goes directly to the consumer's bank account. Earlier, on July 1, the LPG had become expensive for about three and a half rupees.

Oil companies change the base price of LPG on the first date of every month. The impact of global price hike on LPG cylinders was also without subsidy. Its price in Delhi has gone up to Rs. 35.50 per cylinder to Rs. 789.50 per cylinder. In July, its price increased by Rs 55.50 per cylinder.

Best Commodity Tips: Sensex Down 80 Pts In Early Trade, Silver Shines

Rudra Investment Best Commodity Tips Provider says due to the fall in gold prices at global level, it lost Rs 80 to Rs 30,890 per 10 grams in Delhi Sarafra Bazar on Monday. Silver, silver by Rs 65 to Rs 39,320 per kg on improved local demand.

In the foreign markets, softening of yellow metal. Gold prices fell by $ 2.80 to $ 1,229.05 an ounce. In August, the US gold futures also dropped $ 2.50 to $ 1,228.60 an ounce.

Market analysts said that gold is sluggish due to the dollar's strengthening compared to other major currencies of the world. Generally there is a reverse relationship between gold and dollar. The one in the other gets very soft. In the international market, the silver spot dropped by $ 0.03 to $ 15.45 an ounce.

Gold bureau has also broken down to Rs 30,740 per ten grams due to sluggish subscription in the local market. Eight gram gins, however, remained firmly at Rs 24,700.

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