I Prateekj16
RESEARCH VIA
18july
WEEKLY COMMODITY REPORT
2808.07.2013
Precious Metals GOLD
SILVER
D A I L Y
B U Z Z
Both the precious metals, gold and silver, extended losses for the second day in the national capital today on sustained selling by stockists in tandem with a weakening global trend. While gold fell by Rs 95 to Rs 26,625 per 10 grams, silver lost Rs 170 to Rs 40,430 per kg on poor offtake by industrial units and coin makers. The sentiment remained weak after gold fell in global markets as the dollar surged to three years high after US payrolls rose more than forecast in June, fueling speculation that the Federal Reserve will scale back stimulus, traders said. Gold in New York, which normally sets the price trend on the domestic front, slumped 3.1 per cent to $ 1,212.70 an ounce after touching $ 1,206.90, the lowest since June 28. Silver also tumbled 4.9 per cent to $ 18.73 an ounce, the biggest decline since June 20. On the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 95 each to Rs 26,625 and Rs 26,425 per 10 grams, respectively. It had lost Rs 110 yesterday. Sovereigns remained stable at Rs 24,000 in scattered deals. Similarly, silver ready lost another Rs 170 to Rs 40,430 per kg, while weekly-based delivery received by Rs 365 to Rs 40,270 per kg, respectively. The white metal had lost Rs 800 in the previous session. On the other hand, silver coins held steady at Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces.
Base BaseMetals Metals&&Energy Energy -
COPPER
PAGE 1
CRUDE OIL
D A I L Y
B U Z Z
Copper futures are trading higher in the domestic market on Friday as investors and speculators created fresh positions in the base metal amid a pickup in physical demand for copper in the domestic spot market. However, a spate of weak economic data from the US, the world’s second biggest copper consuming nation, dimmed the demand outlook for the base metal, trimming gains. Unemployment claims in the US rose to the highest level in six weeks, housing starts declined at the fastest pace since February 2011 in April, while manufacturing in the Philadelphia region shrank this month. The number of Americans who filed for unemployment benefit claims jumped to the highest level in six weeks, up 32,000 to a seasonally adjusted 360,000 last week, signalling a slowing labour market recovery. At the MCX, Copper futures, for the June 2013 contract, is trading at Rs 404.10 per kg, up by 0.90 per cent, after opening at Rs 401.40, against a previous close of Rs 400.50. It touched an intra-day high of Rs 406.30. (At 15:59 PM).
Agro Outlook CHANA
DHANIYA
DHA YA D A I L Y
B U Z Z
Cardamom continued its upward journey for the fifth day with prices rising by Rs 16.20 to Rs 774.90 per kg in futures trade today as speculators engaged in enlarging positions on the back of strong demand in the spot markets. On the Multi Commodity Exchange, cardamom for July delivery rose by Rs 16.20, or 2.13 per cent, to Rs 774.90 per kg in a business volume of 909 lots. The spice for delivery in June higher by Rs 9.60, or 1.30 per cent, to Rs 750 per kg in trading volumes of 27 lots.
Market Statistics COMMODITY
CLOSING PRICE
3002 CHANA COMMODITIES AGRO
TREND
S2
S1
PIVOT POINT
R1
R2
DOWN
2876
2939
3028
3091
3180
SOYA BEAN
3670
UP
3529
3599
3646
3716
3763
JEERA
13320
DOWN
12890
13105
13265
13480
13640
TURMERIC
5732
UP
5357
5545
5855
6043
6353
RM SEED
3442
DOWN
3346
3394
3422
3470
3498
SOYA REF OIL
688.1
UP
663
676
683
695
703
METALS & ENERGY
COMMODITY
CLOSING PRICE
TREND
S2
S1
PIVOT POINT
R1
R2
GOLD
26034
UP
25157
25595
26013
26451
26869
SILVER
40285
UP
38790
39538
40657
41405
42524
CRUDE OIL
6363
DOWN
5444
5903
6172
6631
6900
COPPER
417.60
DOWN
394.13
405.87
416.03
427.77
437.93
NICKEL
818.90
UP
790.50
804.70
825.80
840.00
861.10
NATURAL GAS
221.90
DOWN
207.03
214.47
218.63
226.07
230.23
LEAD
125.25
UP
119.52
122.38
124.37
127.23
129.22
ZINC
112.30
UP
107.43
109.87
111.68
114.12
115.93
ALLUMINIUM
107.50
UP
102.30
104.90
107.15
109.75
112.00
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