Tuesday, August 27, 2013

RESEARCH VIA DAILY COMMODITY REPORT FOR 27/AUG/2013

Precious Metals
S I L V E R   GOLD
                                                                D A I L Y B U Z Z
Amid a firming trend in the global market, gold prices rose 0.20 per cent to Rs 31,820 per 10 
gram in futures trade today as speculators created fresh positions.

Besides, a firming trend at the domestic spot markets on the back of stockists buying ahead of 
festive season, also supported the rise in gold futures prices here.

At the Multi Commodity Exchange, metal for delivery in October gained Rs 66, or 0.20 per cent, to trade at Rs 31,820 per 10 gm in a turnover of 655 lots.

On similar lines, the metal for delivery in far-month December gained Rs 65, or 0.21 per cent, 
to Rs 31,756 per 10 gram in a business volume of 41 lots.

Silver prices jumped Rs 379, or 0.71 per cent, to Rs 53,850 per kg in futures trading today as speculators created positions largely in tandem with a firming overseas trend.

At the Multi Commodity Exchange, silver for delivery in September traded Rs 379, or 0.71 per cent higher at Rs 53,850 per kg in business turnover of 1,195 lots. 

Likewise, the white metal for delivery in December traded higher by Rs 389, or 0.71 per cent, to Rs 54,850 per kg in 105 lots.

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
Nickel prices moved up by 0.98 per cent to Rs 937.60 per kg in futures market today as 
speculators enlarged their positions, tracking a firming trend in Asian trade. 

Besides, an encouraging trend in the domestic spot markets on the back of strong demand from alloy-makers supported the upside.

At the Multi Commodity Exchange, nickel for delivery in August gained Rs 9.10, or 0.98 per 
cent, to Rs 937.60 per kg in business turnover of 639 lots.

Similarly, the metal for delivery in September rose by Rs 9, or 0.96 per cent, to Rs 945.20 per 
kg in 97 lots.

Lead futures prices today rose by 0.60 per cent to Rs 143.15 per kg as speculators created 
positions amid a firming trend in Asian trade on speculation that the US Federal Reserve may 
hold off on curbing stimulus measures in September and rising demand at domestic spot 
markets. 

At the Multi Commodity Exchange, lead for delivery in August traded 85 paise, or 0.60 per cent, higher at Rs 143.15 per kg, with a turnover of 498 lots.

The metal for delivery in September also rose by 75 paise, or 0.53 per cent, to trade at Rs 143.20 per kg, in a business turnover of 69 lots.

Agro Outlook
CHANA     DHANIYA
                                                          D A I L Y B U Z Z
Supported by a pick up in industrial demand in the spot market and restricted supplies from 
producing regions, mentha oil prices gained 0.85 per cent to Rs 879.50 per kg in futures trade 
today.

At the Multi Commodity Exchange, mentha oil for delivery in August moved up by Rs 7.40, or 
0.85 per cent to Rs 879.50 per kg in business turnover of 364 lots.

Similarly, the oil for delivery in September gained Rs 5.70, or 0.65 per cent to Rs 895.60 per kg in 358 lots.

Turmeric prices rose by Rs 76 to Rs 5,240 per quintal in futures market today as speculators created enlarged positions, driven by a rise in demand in the spot market against tight supplies from producing region.

At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47 per cent to Rs 5,240 per quintal in an open interest of 8,900 lots.

Similarly, the spice for delivery in September rose by Rs 60, or 1.18 per cent to Rs 5,154 per quintal in 17,060 lots.

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