I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2817.05.2013

Precious Metals
G

SILVER

GOLD

D A I L Y

B U Z Z

Rolling down mcx gold prices dropped to one-month low by losing Rs 500 to Rs 26,800 per 10 grams in the national capital today on heavy selling by stockists driven by weak global trend. This fall was in continuation to a steep fall of Rs 600 yesterday to hit a level last seen on April 17, after the metal tumbled in overseas markets driven by reports investors cutting their holdings. MCX Gold in Singapore, which normally sets the price trend on the domestic front, dropped by 0.4 per cent to USD 1,387.30 an ounce, the cheapest since April 19. MCX Silver also plunged by Rs 1,000 to Rs 43,700 per kg on poor offtake by industrial units and coin makers. On the domestic front, gold of 99.9 and 99.5 per cent purity plunged further by Rs 500 each to Rs 26,800 and Rs 26,600 per 10 grams, respectively. Sovereigns also dropped by Rs 300 to Rs 23,700 per piece of eight grams. Silver ready dropped by Rs 1000 to Rs 43,700 per kg and weekly-based delivery by Rs 940 to Rs 43,940 per kg. Silver coins too tumbled by Rs 1000 to 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Base Metals & Energy

-

COPPER
PAGE 1

CRUDE OIL

D A I L Y

B U Z Z

Lead prices shed 0.27 per cent to Rs 108.20 per kg in futures trading today, tracking a weak trend overseas amid sluggish demand from battery-makers in the spot market. At the Multi Commodity exchange, lead for delivery in June declined 30 paise, or 0.27 per cent, to Rs 108.20 per kg in business turnover of 83 lots. Similarly, the metal for delivery in the May was down 25 paise, or 0.23 per cent, to Rs 107.60 per kg in 1,424 lots.
Zinc futures prices today edged up by 0.10 per cent to Rs 101.40 per kg amid a firm global trend, as speculators enlarged positions. At the Multi Commodity Exchange, zinc for delivery in June up by 10 paise, or 0.10 per cent, to Rs 101.40 per kg, with a business turnover of 25 lots. The metal for delivery in May gained 5 paise, or 0.05 per cent to Rs 100.25 per kg, with a business turnover of 602 lots.

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Coriander prices fell by Rs 78 to Rs 6,770 per quintal in futures trade today as speculators reduced their positions on sluggish spot demand. The sentiment also weakened following adequate stocks availability in the physical market. At the Multi Commodity Exchange, coriander for delivery in June fell by Rs 78, or 1.13 per cent, to Rs 6,770 per quintal with open interest of 27,980 lots. The spice of May delivery declined by Rs 50, or 0.73 per cent to Rs 6,766 per quintal in open interest of 1,250 lots.
Turmeric prices declined by 0.48 per cent to Rs 5,806 per quintal in futures trade today as speculators trimmed their positions, triggered by increased supplies from the new season crop in the spot markets Besides, subdued export demand also weighed on the Turmeric prices. At the National Commodity and Derivatives Exchange, turmeric for delivery in June fell Rs 28, or 0.48 per cent, to Rs 5,806 per quintal with an open interest of 24,830 lots. Similarly, the spice for delivery in far-month July traded Rs 22, or 0.37 per cent lower at Rs 5,910 per quintal, with an open interest of 8,370 lots.

Market Statistics
M ETALS & ENERGY
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2

GOLD SILVER CRUDE OIL COPPER NICKEL NATURAL GAS LEAD ZINC ALLUMINIUM
COMMODITY

26131 43262 5209 400.50 815.00 215.50 109.15 99.45 100.65

CLOSING PRICE

DOWN DOWN UP UP DOWN DOWN UP UP UP

TREND

25709 41875 5079 389.70 807.40 207.77 105.98 98.08 99.12

S2

25920 42568 5144 395.10 811.20 211.63 107.57 98.77 99.88

S1

26071 42975 5183 398.45 815.40 218.17 108.43 99.33 100.32

PIVOT POINT

26282 43668 5248 403.85 819.20 222.03 110.02 100.02 101.08

R1

26433 44075 5287 407.20 823.40 228.57 110.88 100.58 101.52

R2

CHANA JEERA RM SEED PEPPER SOYA REF OIL SOYBEAN TURMERIC

3459 13347.5 3541 35495 698.5 3896 6026

UP DOWN UP DOWN UP DOWN UP

3413 13133 3488 35158 695.40 3841 5679

3436 13240 3514 35327 696.95 3869 5853

3448 13313 3532 35663 699.05 3906 5939

3471 13420 3558 35832 700.60 3934 6113

3483 13493 3576 36168 702.70 3971 6199

Country
USD

Data/Event
Prelim UoM Consumer Sentiment

Previous
76.4

Forecast
77.9

Time of Release (IST)

7.25 P.M

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