Wednesday, February 5, 2014

RESEARCH VIA DAILY COMMODITY REPORT FOR 05 FEB 2014

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

GOLD
Gold prices moved down by 0.27 per cent to Rs 28,938 per 10 gram in futures trade today after participants off-loaded partial positions even as metal rose in the global markets.

At the Multi Commodity Exchange, Gold for delivery in far-month April contracts declined by Rs 79, or 0.27 per cent, to Rs 28,938 per 10 gram in business turnover of 262 lots.

Likewise, the metal for delivery in February shed Rs 36, or 0.12 per cent, to Rs 29,809 per 10 gm in 13 lots.

SILVER
Silver prices fell by 0.25 per cent to Rs 43,747 per kg in futures trade today after participants reduced exposures even as metal recovered in the global market.

At the Multi Commodity Exchange, silver for delivery in March fell by Rs 111, or 0.25 per cent, to Rs 43,747 per kg in business turnover of 464 lots.

Similarly, the white metal for delivery in the far-month May declined by Rs 94, or 0.21 per cent, to Rs 44,705 per kg in business volume of 26 lots.


In the international market, silver rose 0.1 per cent to $19.36 an ounce in Singapore.

Base Metals & Energy
CRUDE OIL
                                                    D A I L Y B U Z Z

Crude oil futures prices today fell by 0.18 per cent to Rs 6,072 per barrel amid a mixed trend in Asian trade weighed down by concerns over weak manufacturing data from the US and China.

At the Multi Commodity Exchange, Crude oil for delivery in February fell by Rs 11 or 0.18 per cent, to Rs 6,072 per barrel in 748 lots.

The oil for March delivery moved down by Rs 9, or 0.15 per cent, to Rs 6,065 per barrel in a turnover of 62 lots.

Marketmen analysts said a mixed trend in Asian trade amid concerns over weak manufacturing data from the US and China, the world's top two economies, mainly put pressure on crude futures here.

Meanwhile, crude oil for March delivery gained 21 cents to $96.64 a barrel in mid-morning trade on the New York Mercantile Exchange. Brent North Sea crude eased six cents to $105.98. 

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