I Prateekj16
RESEARCH VIA
18july
DAILY COMMODITY REPORT
2829.05.2013
Precious Metals G
SILVER
GOLD
D A I L Y
B U Z Z
Both the precious metals, gold and silver fell in the national capital Tuesday on stockists selling at existing higher levels, driven by a weak global trend. While gold tumbled by Rs 465 to Rs 26,950 per ten grams, silver shed by Rs 880 to Rs 44,000 per kg on reduced offtake.Sentiment turned bearish after gold declined in global markets, boosting the case for reduced stimulus. Gold in Singapore, which normally set price trend on the domestic front, fell by 0.6 percent to USD 1,386.22 an ounce and silver by 0.7 percent to USD 22.48 an ounce in Singapore. In addition, sluggish demand at prevailing higher levels and rising equities lured investors to park their funds in stock markets, which had negative impact on the precious metals. On the domestic front, gold of 99.9 and 99.5 percent purity tumbled by Rs 465 each to Rs 26,950 and Rs 26,750 per ten grams, respectively.It had gained Rs 465 in the previous two session. Sovereign followed suit and declined by Rs 100 to Rs 23,700 per piece of eight gram.In a similar fashion, mcx silver ready dropped by Rs 880 to Rs 44,000 per kg and weekly-based delivery by Rs 235 to Rs 43,360 per kg. The white metal had gained Rs 880 in last three sessions.However, silver coins held steady at Rs 76,000 for buying and Rs 77,000 for selling of PAGE 1 100 pieces in scattered deals.
Base Metals & Energy COPPER
CRUDE OIL
-
D A I L Y
B U Z Z
Crude oil futures prices today fell by 0.80 per cent to Rs 5,227 per barrel, after speculators reduced exposures amid weak trend in Asian trade. At the Multi Commodity Exchange, crude oil for delivery in June fell by Rs 41, or 0.80 per cent, to Rs 5,227 per barrel in 8,397 lots. Oil for the July delivery contracts moved down by Rs 38, or 0.72 per cent, to Rs 5,256 per barrel in a turnover of 609 lots. The trading sentiment turned weak at futures trade as crude prices declined in Asian trade, dragged down by prospects of weaker crude demand form China and a buildup in US stockpiles, analysts said. Meanwhile, crude oil for the July delivery dropped 64 cents to $ 93.51 a barrel on the New York Mercantile Exchange.
PAGE 2
Agro Outlook DHANIYA
CHANA
DHANIYA
D A I L Y
B U Z Z
Coriander prices fell by Rs 142 to Rs 6,640 per quintal in futures trade today on profitbooking by speculators as demand waned in the spot market against the excess supplies. At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 142, or 2.09 per cent to Rs 6,640 per quintal with an open interest of 21,780 lots. The spice of July delivery declined by Rs 124, or 1.80 per cent, to Rs 6,760 per quintal with open interest of 15,580 lots.
Market Statistics M ETALS & ENERGY COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
26411
UP
25856
26133
26480
26757
27104
SILVER
43262
UP
42417
42839
43383
43805
44349
CRUDE OIL
5364
UP
5167
5265
5322
5420
5477
COPPER
411.70
UP
400.37
406.03
410.22
415.88
420.07
NICKEL
831.00
UP
812.20
821.60
827.30
836.70
842.40
NATURAL GAS
233.00
DOWN
225.60
229.30
234.00
237.70
242.40
LEAD
118.95
UP
112.85
115.90
117.50
120.55
122.15
ZINC
103.00
UP
100.67
101.83
102.62
103.78
104.57
ALLUMINIUM
102.00
UP
100.17
101.08
101.72
102.63
103.27
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
CHANA
3157
UP
3059
3108
3201
3250
3343
JEERA
12970
DOWN
12763
12867
13053
13157
13343
RM SEED
3435
UP
3393
3414
3442
3463
3491
711.15
UP
705
708
710
713
715
SOYA REF OIL SOYBEAN
3829
DOWN
3777
3803
3826
3852
3875
TURMERIC
5836
UP
5752
5794
5844
5886
5936
Country
Data/Event
Previous
Forecast
Time of Release (IST)
EUR
German Unemployment Change
4K
4K
1.25 P.M
EUR
M3 Money Supply y/y
2.6%
2.9%
1.30 P.M
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