Thursday, February 13, 2014

DAILY MCX COMMODITY REPORT FOR 13 FEB 2014

Precious Metals
                                                           D A I L Y B U Z Z

GOLD
Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.26 per cent to
Rs 29,028 per 10 grams in futures trade today.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 76, or 0.26 per cent, to
Rs 29,028 per 10 gm in business turnover of 176 lots.

Likewise, the metal for delivery in far-month June shed Rs 48, or 0.17 per cent, to Rs 28,707 per 10 gm in 13 lots. Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as a five-day advance damped physical demand and US Federal Reserve Chairman pledged to continue with a gradual tapering of stimulus, mainly put pressure on gold prices at futures trade here.


Globally, gold fell 0.50 per cent to $1,284.98 an ounce in Singapore today.

Agro Outlook
                                                    D A I L Y B U Z Z
CHANA
Chana prices rose 0.62 per cent to Rs 2,931 per quintal in futures trading today as speculators enlarged positions, supported by pick up in demand in the spot market.

At the National Commodity and Derivative Exchange, chana for delivery in February rose by Rs 18, or 0.62 per cent to Rs 2,931 per quintal with an open interest of 24,210 lots.

Similarly, the commodity for delivery in March edged up by Rs 4, or 0.13 per cent to Rs 3,042 per quintal in 94,040 lots.

MENTHA OIL
Amid strong demand from consuming industries and lower arrivals from producing regions, mentha oil prices rose 0.51 per cent to Rs 792.90 per kg in futures trading today as speculators enlarged positions.

At the Multi Commodity Exchange, mentha oil for delivery in February moved up by Rs 4, or 0.51 per cent to Rs 792.90 per kg in business turnover of 260 lots.

Similarly, the oil for delivery in March gained Rs 2.80, or 0.35 per cent to Rs 802 per kg in 76 lots. 

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