Monday, August 26, 2013


Precious Metals
                                                   D A I L Y B U Z Z
Gold futures prices today fell by 0.61 per cent to Rs 31,200 per 10 gram as speculators offloaded their positions, taking cues from the global market.Besides, profit-booking by speculators also put pressure on gold futures.
At the Multi Commodity Exchange, gold pr ices for delivery in December fell by Rs 193, or 0.61per cent, to Rs 31,200 per 10 grams in business turnover of 16 lots.
Similarly, metal prices for delivery in October declined by Rs 173, or 0.55 per cent, to Rs 31,271per 10 gram in 393 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas asinvestors weighed the minutes of the US Federal Reserve's last meeting, which reinforced
expectations that stimulus will be tapered amid strengthening dollar, reducing appeal for the precious metal as an alternative investment .
Globally, gold prices fell 0.8 per cent to trade at $1,355.30an ounce in Singapore.
Base Metals & Energy
C O P P E R      C R U D E O I L 
                                                   D A I L Y B U Z Z
Supported by a positive economic data and increased domestic demand, copper prices rose by 0.88 per cent to Rs 474.50 per kg in futures trade today as participants enlarged positions.
At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 4.15, or 0.88 per cent, to Rs 474.50 per kg in business turnover of 1,751 lots.
The metal for delivery in far-month November shot up by Rs 3.20, or 0.67 per cent to Rs 478.50 per kg in 388 lots.
Globally, copper for delivery in three months climbed 0.20 per cent to $7,336 per tonne on the London Metal Exchange.
Crude oil futures prices today rose by 0.71 per cent to Rs 6,777 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region.
At the Multi Commodity Exchange, Crude oil prices for delivery in September traded Rs 48, or 0.71 per cent higher at Rs 6,777 per barrel, with a business turnover of 490 lots.
The crude oil prices for October also up by Rs 47, or 0.64 per cent, to Rs 6,771 per barrel, with a business volume of 208 lots.
Agro Outlook
                                              D A I L Y B U Z Z
Soybean future prices firmed up by Rs 72 to Rs 3,350 per quintal in futures trade today on increased buying by traders in line with firm overseas cues.
Marketmen said rise in price in international markets, supported by low supply and rising domestic demand mainly improved the sentiment here in futures trade.
At the National Commodity and Derivatives Exchange, soybean for October gained Rs 72, or2.20 per cent, to Rs 3,350 per quintal, with an open interest of 84,850 lots.
Prices for November contract also spurted by Rs 66.50, or 2.02 per cent, to Rs 3,360 per quintal,clocking an open interest of 86,060 lots.
Mentha oil prices were up Rs 6.50 to Rs 859 per kg in futures trade today as speculators enlarged
positions, driven by a rising demand in the spot market against restricted arrivals from producing belts.
At the Multi Commodity Exchange, mentha oil for delivery in August month rose by Rs 6.50, or 0.76 percent, to Rs 859 per kg in business turnover of 244 lots.
Similarly, the oil for delivery in September moved up by Rs 6.50, or 0.75 per cent, to Rs 874.80 per kg in214 lots.
In a similar fashion, the spice for delivery in October traded higher by Rs 2.70, or 0.34 per cent, to Rs 791per kg in 30 lots.