Best Strategy In The Today Market With Free Commodity Tips | 9 July

According To the Free Commodity Tips provider, Most areas of Maharashtra, Gujarat and Madhya Pradesh have been receiving heavy rains since last two days and meanwhile, the Meteorological Department has forecast the rainfall in these areas for the next four days. The Meteorological Department has issued a red alert for the state of Madhya Pradesh in addition to the surrounding areas for 4 days from tomorrow. So far this season, Punjab, Maharashtra, and Telangana have received many spots of rain from normal. About 65 percent of the country's area has received normal or more rainfall. But in Uttar Pradesh and Saurashtra, this season has received very little rains. In the whole of UP, about 45 percent less rain has been recorded than normal, whereas in Saurashtra this deficit is up to 77 percent. Due to this pattern of rainfall, the sowing of Kharif has declined by about 14 percent. By the first week of July, the sowing of pulses, oilseeds, and cotton is about 20-25% lesser.

Talking about the Free Commodity Tips market, gold and silver have gained about 0.5 percent in the global market today. At the same time, the price of crude oil has increased by about 0.5 percent due to the lack of supply. Today, on the London Metal Exchange, the base metal is trading up nearly 1% today. However, today the rupee has strengthened about 0.25 percent against the dollar.

At present, crude oil on MCX is trading at Rs 5,090 with an increase of 0.25 percent. Natural gas is trading at 0.5 percent down at 195.7 rupees. On MCX, gold is trading 0.15 percent higher at 30,600 rupees. Silver is trading at Rs 39,900 with a rise of 0.3 percent.

There is good strength in the base metals. On MCX, Copper is trading at Rs. 436.8 with a rise of 1.2%. Nickel is trading at 1.5% with a growth of 973.3 rupees. Aluminum is trading at Rs. 144.7 with an increase of 0.5 percent. Led by 0.4% and zinc has increased by 0.5%.