So far, the prices of Gold commodity witnessed an increase but are still facing challenges since Gold’s safe-haven demand wasn’t approved.

In this post, we will walk you through the current trading conditions and prices of the metals. Let’s get started:

Base Metals – There are no major changes in the Base metals trading in the last couple of months. The president of the United States (Donald Trump) did not give sufficient information about the US-China trade deal, as a result of which, the base metals are traded flat.

Currently, the drop in the prices of copper was controlled as its production and supply ambiguity continued because of the social stress at Chile (the leading producer of the commodity).

Energy – crude oil rates continued its gains especially after the surprising reports that confirmed the downfall in the prices of 5,40,000 barrels per day, contrary to the estimation of an increase in crude oil prices by 1.6 million barrels per day.

However, the current statement given by Fed Governor Powell supported the crude oil prices.

MCX Gold – According to the current reports, MCX gold is predicted to be sold with better support. It is estimated to be traded at Rs 37,900 to Rs 38050.

For people interested in commodity investment, purchasing the MCX Gold product is highly recommended considering the positive prices.

Gold (SPOT) – Another metal commodity i.e. Gold SPOT is estimated to be sold somewhere between $1460 and $1478. Open Free Trading Account

MCX Silver – Just like MCX gold, MCX silver prices are estimated to be sold positively at Rs 44,300 levels as well as Rs 44,600 (for intermediate levels). Considering the positive trading rates, the purchase of MCX silver is highly recommended for commodity traders.

Silver SPOT – as far as current commodity trading statistics is concerned, SPOT silver will be sold somewhere between $16.67 and $17.25.

MCX Copper –Another popular metal commodity ‘MCX Copper’ is estimated to be sold in a range-bound state with decent support levels of Rs 438 as well as good resistance at 442 Rs.

MCX Nickel – the MCX Nickel is also estimated to be sold in a range-bound state with decent support levels ranging rs 4090 whereas the intermediate support levels reaching rs 4125. For aspiring nickel traders, buying MCX nickel is highly recommended.

MCX Crude Oil – MCX crude oil is estimated to be sold at a decent support level which is approximately 4090 rs. At the same time, the intermediate support level for this commodity will reach 4125 rs. The purchase of MCX crude oil is advisable.

MCX Natural Gas – the first commodity which is expected to trade negatively on this list is MCX Natural gas. With a resistance of up to 195 Rs, the purchase of this commodity is recommended at lower support.

MCX Lead – with a support level of 154 Rs and resistance of 156.50 Rs, MCX Lead is trading positively.

MCX Zinc and Aluminum – MCX Zinc Price is estimated to be sold at decent support of 191 Rs whereas the aluminium will be traded negatively at a resistance level of 133.50.

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The Share Market: A Guide to Trading – Gill Broking

It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/
2 Charanpreet GillWhole Time
3 Charanpreet GillCompliance
4Manpriya GillDesignated
5Kewal GillDesignated

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