Tuesday, January 28, 2014

REVIA DAILY COMMODITY REPORT 28 JAN 2014

Precious Metals
SILVER  GOLD
                                                          D A I L Y B U Z Z

GOLD
Tracking a weak global trend, gold prices declined by 0.18 per cent to Rs 29,187 per ten grams
in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange, gold for delivery in February declined by Rs 54, or 0.18 per
cent, to Rs 29,187 per ten grams in a business turnover of 1,498 lots.

Similarly, the yellow metal for delivery in April traded lower by Rs 31, or 0.11 per cent, to Rs
28,615 per ten grams in 53 lots.

SILVER
Silver prices declined 0.20 per cent to Rs 44,391 per kg in futures trade today as speculators
trimmed positions on weak global trend.

At the Multi Commodity Exchange, Silver for delivery in March fell by Rs 89, or 0.20 per cent,
to Rs 44,391 per kg in business turnover of 2,026 lots.

Likewise, the white metal for delivery in May declined by Rs 51, or 0.11 per cent, to Rs 45,405

per kg in 77 lots.

Agro Outlook
CARDAMOM
                                                        D A I L Y B U Z Z
CARDAMOM
Continuing its rising streak for the fourth day, cardamom prices gained 0.30 per cent to Rs 739.60 per kg in futures trading today as speculators enlarged positions, driven by rising demand in the spot market.

Tight supplies in the physical market following less arrivals from producing regions also influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 2.20, or 0.30 per cent, to Rs 739.60 per kg in a business turnover of 8 lots. Likewise, the spice for delivery in February edged up by 90 paise, or 0.13 per cent, to Rs 708.60 per kg in 57 lots.

Market analysts said rising demand in the spot market amid tight supplies from producing region led to the uptrend in cardamom for the fourth-day at futures trade. 

Followers