Except Uttar Pradesh, there is good rain in all the areas of the country more or less. Monsoon in Uttar Pradesh has not been able to knock yet. While the pre monsoon rains are in Punjab, Haryana and Rajasthan and in these areas the rainfall has been recorded 50-80% more than normal.
The monsoon has spread throughout the state of Madhya Pradesh. The Indian Meteorological Department has issued heavy rain warnings in several areas of Karnataka and Kerala in the south, besides Vidarbha, Marathwada, Eastern Madhya Pradesh, Eastern Uttar Pradesh and Chhattisgarh in the next 24 hours. Rain is very important for the commodity market.
Meanwhile, after the sharp rise in yesterday’s today, crude oil is sluggish and the pressure is rising from the upper levels in the global market. But the fall in dollar has given support to gold and the price of gold on the commerce has crossed $ 1250. Silver has also gained about 0.5 percent. There is a slight weakness in the rupee against the dollar. On MCX, gold is showing an increase of 0.3 per cent around Rs 28,640, while silver is trading around 1 per cent and is trading around Rs 38705. Crude oil on MCX has slumped 0.2 percent to around Rs 2,850. Natural gas has come down to 200 rupees.Talking about the base metals, Copper has come down to 0.25 per cent in the domestic market of around 375 rupees, while aluminum is trading above the Rs 120 level with an increase of 0.2 per cent. Lead is also looking strong and it looks at a price of around 150 rupees with an increase of 0.3 per cent, while Nickel is trading around Rs 595 with a slight increase of 0.07 per cent while Zinc is doing business with a weakness of 0.1 per cent. Used to be.
Gold MCX (August futures): Buy – 28600, StopLoss – 28500, Target – 28900
Silver MCX (July futures): Buy – 38450, StopLoss – 38250, Goal – 39000
Copper MCX (June futures): Buy – 374, StopLoss – 370, Target – 382