Bullion Tips
The below MCX bullion tips & technical levels charts are updated at 9.30 am everyday based on the previous days data of only mcx bullion commodities gold, gold mini, gold guinea, gold petal, silver, silver mini, silver micro and today's open price which is fetched from our server. Based on the quant's advanced camarilla equation and today's mcx bullion open we have plotted the possible reversal and break out levels tips. Please use the levels and charts below for trading purposes.
Free MCX Bullion Tips for today :
We expertise & master in reversal and break out levels price analysis and prediction. Get the powerful reversal and breakout level Free MCX Tips for the 16 major commodities listed on the multi commodity exchange of India. Technical levels & best free tips of the only bullion commodities are updated every day.
MCX Bullion Overview
The precious metals that are found in scarce in nature are termed as Bullion on MCX.
Bullion consists of-
- Gold
- Silver
- Platinum
What makes these metals precious is not just their rarity but also the fact that they are equivalent to money.
Gold and Silver have been used as money historically, and even today these precious metals possess ISO 4217 currency code that indicates these metals are not only commodities but de facto money.
These commodities are looked upon as an investment since ancient times.
They are a good hedge against inflation and also can be used as money during the financial crisis.
The other reason to invest in Bullion is their ever-growing demand and popularity and limited supply. As demand outperforms the supply side, the price of these non-ferrous metal will always be on the higher side.
Investment in bullion is a good way of portfolio diversification also.
Gold is one of the most actively traded commodities on MCX.
The gold contract on MCX comes in four variants
- The big gold (Lot Size 1Kg)
- The gold mini (Lot Size 100Gms)
- The gold guinea (Lot size 8Gms)
- The gold petal (Lot Size 1Gm)
Silver, the white metal is also traded with huge volumes on MCX. Like Gold, it is also available in four variants
- The Silver (Lot Size 30 Kg)
- The Silver Mini (Lot Size 5 Kg)
- The Silver Micro (Lot size 1 Kg)
- The Silver 1000 (Lot size 1 kg)
The 30 Kg silver contract and the silver mini are the most actively traded contracts of all the four variants of the Silver.
Who trades in Bullion?
Market participants in the bullion trading are the range of professionals such as the bank, vault operators, refiners and brokers etc.
These are all direct market participants who provide facilities for the refining, melting, vaulting, transporting and trading of Gold and Silver Bullion.
Besides these direct market participants, there are other professional market participants such as investment companies and jewelers. They trade in bullion to use it in the context of the products and services which they further offer to their customers.
Apart from the professional traders, there are private individuals who participate in the Bullion market as the retail investors or traders. These retail investors/traders trade in bullion primarily with an objective of investment or speculation to earn short term profits by making use of the volatility.
Bullion trading in India majorly takes place in the form of Gold and Silver. Platinum is not as popular in terms of trading as these two precious metals.
With the onset of the festive season and the wedding season in India, the price of bullion goes on a higher side because of the increase in demand for these metals. The other factor that inflates the price of bullion in India is weak US Dollar and crude oil prices as gold is inversely correlated to the dollar and oil.
India is the largest consumer of the Gold. Gold is popularly held in the form of jewellery and/or bar and coin for investment purpose.
Silver is used in the form of décor too apart from being held in the form of jewellery and coins.
