Wednesday, October 9, 2013

RESEARCH VIA COMMODITY TIPS FOR 09/OCT/13

Precious Metals
SILVER  GOLD
                                                          D A I L Y B U Z Z
Gold futures prices today rose by 0.22 per cent to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firming trend overseas.
At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 63, or 0.22 per cent, to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots.
Similarly, the metal prices for delivery in February 2014 edged up by Rs 22, or 0.05 per cent, to Rs 29,230 per 10 gram, clocking a business volume of 9 lots.
Gold rose by 0.17 per cent to USD 1,324.70 an ounce in Singapore today.
Amid a weak trend in the Asian region, silver prices fell by Rs 167, or 0.34 per cent, to trade at Rs 49,463 per kg in futures trade today as speculators reduced positions.
At the Multi Commodity Exchange, silver for delivery in December contract traded Rs 167, or 0.34 per cent, lower at Rs 49,463 per kg in business turnover of 884 lots.
In a similar fashion, the white metal for delivery in far-month March fell by Rs 174, or 0.34 per
cent lower, at Rs 50,601 per kg in four lots.

Base Metals & Energy
COPPER CRUDE OIL
                                                       D A I L Y B U Z Z
Zinc fell by 0.22 per cent to Rs 115.90 per kg in futures trade today as speculators trimmed positions tracking low demand in domestic spot markets even as metal firmed in the global market.
At the Multi Commodity Exchange, zinc prices for delivery in November shed 25 paise, or 0.22 per cent, to Rs 115.90 per kg in business turnover of seven lots.
In similar fashion, the metal for delivery in October traded lower by 20 paise, or 0.17 per cent, to Rs 114.60 per kg in 305 lots.
Market analysts said sluggish domestic demand in the spot market mainly put pressure, but a firming trend in base metals overseas limited the fall.

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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