Tuesday, October 15, 2013

COMMODITY UPDATE FOR 15/10/2013

Precious Metals
SILVER GOLD
                                                        D A I L Y B U Z Z
Gold futures prices recovered by 0.11 per cent to Rs 28,395 per 10 gram on Monday as speculators enlarged their positions in tune with a better trend overseas.
At the Multi Commodity Exchange, gold for delivery in December up by Rs 30, or 0.11 per cent, to Rs 28,395 per 10 gram, with a business turnover of 345 lots.
In a similar fashion, the metal for delivery in the far-month February next year contracts gained Rs 26, or 0.09 per cent, to Rs 28,150 per 10 gram, with a trade volume of 7 lots.
Silver prices fell 0.31 per cent to trade at Rs 46,745 per kg in futures trade today as speculators reduced positions amid a weakening trend in the global markets.
Besides, a weak trend in the precious metals at the domestic bullion market also weighed on silver futures. At the Multi Commodity Exchange, Silver for delivery in December lost Rs 146, or 0.31 per cent, to Rs 46,745 per kg in business turnover of 457 lots.
In a similar fashion, the white metal for delivery in far-month march, next year contracts traded Rs 95, or 0.20 per cent lower, at Rs 48,049 per kg in ten lots.

Base Metals & Energy
COPPER CRUDE OIL
                                                           D A I L Y B U Z Z
Nickel prices moved down by 0.34 per cent to Rs 856.90 per kg in futures trade today as speculators reduced their position, driven by weak demand from alloy-makers in the spot
market.
Besides, a lower global trend further gloomed the sentiment.
At the Multi Commodity Exchange, nickel for delivery in November declined by Rs 2.90, or 0.34 per cent, to Rs 856.90 per kg in business turnover of 10 lots.
Similarly, the metal for delivery in October shed Rs 2.40, or 0.28 per cent, to Rs 848.50 per kg in 284 lots.
Aluminium futures prices fell by 0.40 per cent to Rs 112.85 per kg today as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in October lost 45 paise, or 0.40 per cent, to Rs 112.85 per kg, with a business turnover of 104 lots.
The metal for delivery in November also shed 30 paise, or 0.26 per cent, to trade at Rs 114.50 per kg in a turnover of 4 lots.

Agro Outlook
CHANA  DHANIYA
                                                         D A I L Y B U Z Z
Supported by strong demand in the spot market and restricted arrivals from producing regions, cardamom prices rose further by Rs 2.40 to Rs 751 per kg in futures trade today.
At the Multi Commodity Exchange, cardamom for delivery in November added Rs 2.40, or 0.32 per cent, to Rs 751 per kg in business turnover of 388 lots.
Similarly, the spice for delivery in October edged up 60 paise, or 0.08 per cent, to Rs 706.50 per kg in 546 lots.
Mentha oil prices moved up by 0.18 per cent to Rs 870.80 per kg in futures trade today as speculators created fresh positions amid rising demand from consuming industries in the spot market.
Besides, tight supplies in the physical market following less arrivals from Chandausi in Uttar Pradesh also supported the uptrend.
At the Multi Commodity Exchange, mentha oil for delivery in October month rose by 1.60, or 0.18 per cent, to Rs 870.80 per kg in business turnover of 206 lots.
Likewise, the oil for delivery in November edged up by Rs 1.30, or 0.15 per cent, to Rs 884.50 per kg in 6 lots.


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