I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2817.04.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
MCX Gold sank further, hitting over 18 month low and falling below the Rs 26,000 per 10 gm mark at the bullion market here today on the back of relentless selling by stockists and investors despite a strong rebound in global markets though investor sentiment remained subdued. Logging its fourth straight day of losses, standard mcx gold of 99.5 per cent purity fell by Rs 650 to close at Rs 25,900 per 10 gm from Monday's closing level of of Rs 26,550. Pure gold of 99.9 per cent purity dropped by a similar margin to finish at Rs 26,040 per 10 grams from Rs 26,690 yesterday. MCX Silver also dipped to nearly 26-month low on heavy speculative unwinding. Mcx Silver prices ready (.999 fineness) slumped by Rs 630 to conclude at Rs 46,360 per kg from Rs 46,990 yesterday. In Europe, spot gold was bid up at $ 1,387.01 an ounce (about 28.35 grams) in early trade. It had dropped to a two-year low of USD 1,321.35 an ounce in previous session.
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Aluminium prices fell to their lowest level in 3-1/2 years on Monday, tracking falls across base metals as lower-than-expected growth figures from major consumer China raised fears about the outlook for demand. Benchmark aluminium on the London Metal Exchange fell to $1,818 a tonne, its lowest level since early October 2009. Copper prices edged up on Tuesday on hopes that the outlook for growth and demand from top consumer China would improve in coming months, prompting some short covering activity following hefty falls in the previous session. Three-month copper on the London Metal Exchange traded at $7,250 a tonne in official rings, up from Monday's close of $7,202, when it fell intraday to its lowest for 1-1/2 years.
PAGE 2
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Cardamom continued its downward journey with prices falling further by 3.29 per cent to Rs 812.30 per kg in futures trade on Tuesday as speculators reduced their positions amid adequate stocks in the physical market against weak demand. At the Multi Commodity Exchange, cardamom for delivery in June declined by Rs 33.20, or 3.92 per cent, to Rs 812.30 per kg in business turnover of 242 lots. Likewise, the spice for delivery in May shed Rs 24.60, or 3 per cent, to Rs 797 per kg, with a trading volume of 1,119 lots. Chana futures fell more than 1 per cent on Tuesday, weighed by supplies from the new harvest and on estimates of higher output. The May contract was 0.73 per cent lower at Rs 3,685 per 100 kg on the National Commodity and Derivatives Exchange at 0816 GMT. Potato prices fell by 2.96 per cent to Rs 1,048.10 per quintal in futures trade on Tuesday as speculators offloaded their positions, driven by weak trend in the spot market. At the Multi Commodity Exchange, potato for June delivery fell by Rs 32, or 2.96 per cent, to Rs 1,048.10 per quintal, with a business volume of 68 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
25766
DOWN
24861
25314
25722
26175
26583
SILVER
44195
DOWN
41835
43015
43933
45113
46031
CRUDE OIL
4794
DOWN
4720
4757
4784
4821
4848
COPPER
394.60
DOWN
387.10
390.85
393.75
397.50
400.40
NICKEL
852.80
UP
833.27
843.03
851.87
861.63
870.47
NATURAL GAS
223.80
DOWN
218.40
221.10
224.20
226.90
230.00
LEAD
111.55
DOWN
109.02
110.28
111.02
112.28
113.02
ZINC
101.65
DOWN
98.88
100.27
101.08
102.47
103.28
ALLUMINIUM
102.85
DOWN
99.92
101.38
102.17
103.63
104.42
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3626
UP
3555
3591
3656
3692
3757
SOYA BEAN
3750
DOWN
3650
3700
3780
3830
3910
JEERA
13190
DOWN
12837
13013
13267
13443
13697
PEPPER
34975
DOWN
34358
34667
35133
35442
35908
TURMERIC
7044
UP
6824
6934
7154
7264
7484
RM SEED
3500
DOWN
3436
3468
3524
3556
3612
685.93
691.47
700.13
705.67
714.33
SOYA REF OIL
697.00
UP
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