Thursday, September 19, 2013

RESEARCHVIA DAILY COMMODITY REPORT FOR 19/09/2013

Precious Metals
SILVER   GOLD
                                              DAILY BUZZ
Gold prices fell 0.87 per cent to Rs 29,465 per 10 gm in futures trade today, as participants reduced their positions largely in tandem with a weak overseas trend.
At the Multi Commodity Exchange, gold for delivery in October contract eased by Rs 258, or 0.87 per cent, to Rs 29,465 per 10 gm in business turnover of 278 lots.
Likewise, the metal for delivery in far-month December shed Rs 170, or 0.78 per cent, to Rs 29,340 per 10 gm in 22 lots.
Silver prices fell by 1.49 per cent to Rs 48,666 per kg in futures trade today as speculators indulged in trimming positions, taking weak cues from the global markets.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 735 or 1.49 per cent, to Rs 48,666 per kg in business turnover of 470 lots.
Similarly, the white metal for delivery in March declined by Rs 617, or 1.22 per cent, to Rs 49,883 per kg in business volume of 4 lots.

Base Metals & Energy
COPPER   CRUDEOIL
                                            DAILY BUZZ
Copper prices rose 0.22 per cent to Rs 457.60 per kg in futures trade on Thursday as speculators enlarged positions, largely in tune with a firm overseas trend, amid rising demand in spot market.
At the Multi Commodity Exchange, copper for delivery in November traded higher by Re one,
or 0.22 per cent, to Rs 457.60 per kg in business turnover of 8,180 lots.
The metal for delivery in far-month February edged up by 45 paise, or 0.10 per cent, to Rs
467.35 per kg in 277 lots.
Globally, copper for delivery in three months on the London Metal Exchange rose 0.3 per cent to $ 7,094.75 a tonne.
Market analysts said apart from increased demand at domestic spot markets from consuming
industries, a firming overseas trend before the US Federal Reserve concludes a two-day meeting today when policy makers will decide whether to slow its monthly bond-buying programme, influenced copper futures here.

Agro Outlook
CHANA DHANIYA
                                       DAILY  BUZZ
Chana prices moved down by 0.54 per cent to Rs 3,141 per quintal in futures market today asspeculators reduced holdings amid sluggish demand in the spot market against adequate
supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs17, or 0.54 per cent to Rs 3,141 per quintal with an open interest of 1,58,340 lots.
Likewise, the commodity for delivery in September declined by Rs 12 or 0.39 per cent to Rs
3,056 per quintal in 2,970 lots.
Amid rising demand and restricted arrivals from producing regions, Cardamom prices rose for the second day by adding 0.30 per cent to Rs 813.40 per kg in futures trade today as speculators enlarged their positions.
At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 2.40, or 0.30 per cent to Rs 813.40 per kg in business turnover of 4 lots.
Similarly, the spice for delivery in October edged up by 40 paise, or 0.05 per cent to Rs 775.30per kg in 238 lots.



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