DAILY COMMODITY REPORT 18TH JANUARY 2013
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ďƒ˜ HEADLINES
Gold imports could fall 25 percent on duty hike. India's gold imports could drop by up to a quarter this year if, as expected, the government again raises the
ďƒ˜ TRADING TIP:
Buy Zinc Jan
duty on the precious metal, the chairman of the All India Gems and Jewellery Trade Federation said on Thursday. Bachhraj Bamalwa said he believes import
Above 108.50
duty on gold will be hiked to 6 percent in the budget
TGTS-109.50/111
percent last as part of moves to cut India's trade deficit.
SL-107.90
scheduled for February 28. The rate was doubled to 4 Going by the government's attitude towards gold and the Reserve Bank of India's latest recommendations, we fear gold imports will be further curtailed by at least 20-25 percent compared to last year.
Buy Copper Feb Above 440.70
Base metals close higher. BASE metals have closed higher on the London Metal Exchange (LME), boosted by positive news on the US
TGTS-444/450
economy, LME three-month copper was up 1.3 per cent
SL-436
rise, up 1.5 per cent at $US2,009.50/ton.
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at $US8,053 a metric ton while Zinc saw the biggest
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PRODUCT NAME
EXP DATE
OPEN
HIGH
LOW
CLOSE
LTP
CHG
PERCENTAGE CHANGE
CHANA
7/19/2012
4556
4573
4525
4560
4532
-28
-0.61
CHILLI
7/19/2012
5060
5060
5018
5120
5018
-102
-1.99
GUR
7/19/2012
1188
1188
1178
1183.5
1178
-5.5
-0.46
JEERA
7/19/2012
14955
14960
14650
15052.5
14800
-252.5
KAPAS
7/19/2012
1044
1053
1035
1049
1041
-8
-0.76
Symbol
DAILY MARKET STATISTICS
Expiry Date
PCP
% Change
-1.68
LTP
Crude Oil PEPPER 7/19/2012
21-Jan-13 42300 42555
5150.00 42250 42390
0.60 42435
45
5181.00 0.11
Nickel REF SOYA 7/19/2012
31-Jan-13 780.5 783.6
953.20 777.4 782.85
-0.31 781.3
-1.55
950.20 -0.2
SOY BEANSilver 7/19/2012
4309 5-Mar-13 4330
4265.5 59718.00 4303
4315 -0.17
12
0.28 59614.00
TURMERIC 7/19/2012 Gold
4600 4676 5-Feb-13
4518 4664 30892.00
4540 -0.43
-124
-2.66 30758.00
1251
1251
1282
WHEAT
7/19/2012
1282
1246
36
2.89
Lead
31-Jan-13
124.10
-0.52
123.45
Zinc
31-Jan-13
108.05
0.05
108.10
Copper
28-Feb-13
438.60
0.24
439.65
Aluminium
31-Jan-13
110.80
-1.17
109.50
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DAILY MCX GOLD CHART
ANALYSIS OPEN: 30850 HIGH: 30870 LOW: 30530 CLOSE: 30758
GOLD LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS OPEN: 59706 HIGH: 59706 LOW: 58528 CLOSE: 59614
SILVER LOOKS UPWARD TREND: BULLISH STRATEGY: BUY ON DIPS
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