Gold futures succumbed to modest losses in the domestic market on Tuesday as investors and speculators stuck to a cautious approach as the US Federal Reserve began a two-day monetary policy meet. While the world’s top central bank is expected to stick to record low interest rates, it may offer some cues over the timing for a maiden lift-off since 2006. Being a hedge against the inflationary risk of monetary fillips, Gold tends to benefit from ultra-easy money policies from global central banks. A stronger dollar also curbed the demand for the bullion as an alternative asset. Stronger greenback makes Gold more expensive for those holding other currencies, thus dimming demand. Lingering worries over Greece as the cash strapped nation scrambles to reach a debt compromise with its creditors continued to support Gold’s safe haven appeal, trimming losses in Gold. Bullion may continue to trade on a subdued today as the Fed announces its monetary policy decision. At the MCX, Gold futures for June 2015 contract closed at Rs 26,956 per 10 gram, down by 0.27 after opening at Rs 27,011, against the last closing price of Rs 27,029. It touched the intra-day low of Rs 26,869 till the closing.
Showing posts with label best commodity trading tips. Show all posts
Showing posts with label best commodity trading tips. Show all posts
Wednesday, June 17, 2015
Wednesday, January 8, 2014
DAILY MCX COMMODITY UPDATE FOR 08 JAN 2014
Precious Metals
GOLD SILVER
D A I L Y B U Z Z
Gold prices declined by Rs 200 to Rs 30,160 per ten grams in the national capital today on selling by stockists against sluggish demand.
However, silver found some low level buying support and recovered by Rs 120 to Rs 45,350 per kg. It had lost Rs 270 in the previous two sessions.
Traders said stockists selling against sluggish demand mainly led to decline in gold prices.
At the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 200 each to Rs 30,160 and Rs 29,960 per ten grams, respectively. Sovereign remained steady at Rs 25,100 per piece of eight grams.
On the other hand, silver ready recovered by Rs 120 to Rs 45,350 per kg and weekly-based delivery by a similar margin to Rs 45,500 per kg.
Silver coins continued to be asked at last level of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Nickel prices moved up by 0.13 per cent to Rs 852.20 per kg in futures trade today as speculators
enlarged their positions driven by rising demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in January gained Rs 1.10, or 0.13 per cent, to Rs 852.20 per kg in a business turnover of 1,411 lots.
Similarly, the metal for delivery in February moved up by 90 paise, or 0.10 per cent, to Rs 860.40 per kg in 44 lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Chana prices moved down by 0.82 per cent to Rs 3,017 per quintal in futures trading today as participants trimmed positions, triggered by increased supplies from producing regions against
subdued demand.
At the National Commodity and Derivative Exchange, chana for delivery in January moved down
by Rs 25, or 0.82 per cent, to Rs 3,017 per quintal with an open interest of 56,690 lots. Similarly,
the commodity for delivery in February lost Rs 21, or 0.68 per cent, to Rs 3,078 per quintal in
66,030 lots.
Refined soya oil remained weak for the second day and prices shed 0.56 per cent to Rs 682.50
per 10 kg in futures market today as speculators reduced positions following sluggish demand in
the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January
fell further by Rs 3.85, or 0.56 per cent, to Rs 682.50 per 10 kg with an open interest of 34,140
lots.
Similarly, the oil for delivery in February declined by Rs 3.75, or 0.55 per cent, to Rs 675.60 per
10 kg in 1,24,140.
GOLD SILVER
D A I L Y B U Z Z
Gold prices declined by Rs 200 to Rs 30,160 per ten grams in the national capital today on selling by stockists against sluggish demand.
However, silver found some low level buying support and recovered by Rs 120 to Rs 45,350 per kg. It had lost Rs 270 in the previous two sessions.
Traders said stockists selling against sluggish demand mainly led to decline in gold prices.
At the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 200 each to Rs 30,160 and Rs 29,960 per ten grams, respectively. Sovereign remained steady at Rs 25,100 per piece of eight grams.
On the other hand, silver ready recovered by Rs 120 to Rs 45,350 per kg and weekly-based delivery by a similar margin to Rs 45,500 per kg.
Silver coins continued to be asked at last level of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Nickel prices moved up by 0.13 per cent to Rs 852.20 per kg in futures trade today as speculators
enlarged their positions driven by rising demand from alloy-makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in January gained Rs 1.10, or 0.13 per cent, to Rs 852.20 per kg in a business turnover of 1,411 lots.
Similarly, the metal for delivery in February moved up by 90 paise, or 0.10 per cent, to Rs 860.40 per kg in 44 lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Chana prices moved down by 0.82 per cent to Rs 3,017 per quintal in futures trading today as participants trimmed positions, triggered by increased supplies from producing regions against
subdued demand.
At the National Commodity and Derivative Exchange, chana for delivery in January moved down
by Rs 25, or 0.82 per cent, to Rs 3,017 per quintal with an open interest of 56,690 lots. Similarly,
the commodity for delivery in February lost Rs 21, or 0.68 per cent, to Rs 3,078 per quintal in
66,030 lots.
Refined soya oil remained weak for the second day and prices shed 0.56 per cent to Rs 682.50
per 10 kg in futures market today as speculators reduced positions following sluggish demand in
the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in January
fell further by Rs 3.85, or 0.56 per cent, to Rs 682.50 per 10 kg with an open interest of 34,140
lots.
Similarly, the oil for delivery in February declined by Rs 3.75, or 0.55 per cent, to Rs 675.60 per
10 kg in 1,24,140.
Monday, December 30, 2013
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Monday, December 9, 2013
REVIA DAILY MCX COMMODITY UPDATE FOR 09 DEC 2013
Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Gold prices fell by Rs 465 to Rs 30,785 per ten gram in the national capital today on reduced offtake by stockists at existing higher levels amid a weak global trend.
Silver remained under selling pressure for the fourth straight day and lost Rs 200 to Rs 43,600 per kg, after losing Rs 1,275 in the previous three sessions.
Traders said reduced offtake by stockists and retailers at existing higher levels amid a weak global trend as US economic data reinforced concern that the .
Gold in New York, which normally sets price trend on the domestic front, fell by 1.46 per cent to USD 1,225.10 an ounce and silver by 1.42 per cent to USD 19.44 an ounce last night.
On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 465 each to Rs 30,785 and Rs 30,585 per ten gram, respectively. It had shot up by Rs 450 yesterday. Sovereign held steady at Rs 25,200 per piece of eight gram in scattered deals.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Tracking a weak global trend, copper prices fell by 0.18 per cent to Rs 446.30 per kg in futures trade today as speculators offloaded positions.
At the Multi Commodity Exchange, copper for delivery in February next year fell 80 paise, or 0.18 per cent, to Rs 446.30 per kg in business turnover of 642 lots.
Similarly, the metal for delivery in April 2014 contracts traded lower by 65 paise, or 0.14 per cent, to Rs 452.50 per kg in 15 lots.
Analysts attributed the fall in copper futures to weak global cues as investors weighed signs of improvement in the US economy against concern the Federal Reserve may start trimming its stimulus sooner than estimated.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Chana prices rose by 0.14 per cent to Rs 2,911 per quintal in futures trade today as speculators created fresh positions, supported by an improvement in spot market demand due to ongoing marriage season.
However, adequate stocks availability in the physical market and expectations of better output this season on favourable weather conditions, restricted the gains.
At the National Commodity and Derivatives Exchange, chana for delivery in December rose by Rs 4, or 0.14 per cent t.
Similarly, the commodity for delivery in January edged up by Rs 4, or 0.13 per cent to Rs 3,036 per quintal in 69,690 lots.
Analysts said fresh positions created by speculators after an improvement in spot market in view of marriage season mainly helped chana prices to trade higher at futures trade.
Thursday, November 28, 2013
REVIA DAILY COMMODITY REPORT FOR 28 NOV 2013
Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Gold prices rose 0.14 per cent to Rs 30,175 per ten grams in futures trade today as speculators created positions, tracking a firm overseas trend.
At the Multi Commodity Exchange, gold for delivery in December rose Rs 42, or 0.14 per cent, to Rs 30,175 per ten grams in business turnover of 2,013 lots.
Similarly, the metal for delivery in February gained Rs 22, or 0.08 per cent, to Rs 29,325 per ten grams in 342 lots.
Analysts attributed the rise in gold futures to a firm global trend on speculation that the decline to a four-month low may encourage purchases, while investors assessed the timing of a reduction in stimulus by the Federal Reserve.
Meanwhile, gold gained 0.3 per cent to USD 1,246.75 an ounce in Singapore.
Wednesday, November 27, 2013
Commodity Precious Metals Tips & Ncdex Agro Outlook Update For 27 Nov 2013
SILVER GOLD
D A I L Y B U Z Z
Silver prices rose by 0.98 per cent to Rs 44,936 per kg in futures trade today largely in tune with a recovery trend in precious metals overseas amid covering up of pending short positions by speculators.
At the Multi Commodity Exchange, silver for delivery in December traded higher by Rs 436, or 0.98 per cent, to Rs 44,936 per kg in business turnover of 987 lots.
Similarly, the white metal for delivery in far-mmonth March next year contracts traded Rs 431, or 0.94 per cent, higher at Rs 46,350 per kg in a turnover of 77 lots.
In the international market, silver rebounded to USD 20.11 an ounce in Singapore from yesterday's $19.59, the lowest since August 8.
Market analysts said besides short covering by speculators, a recovery in both the precious metals in the global market as the dollar weakened and lower prices spurred demand in China, the second-largest consumer, influenced silver prices in futures trade here.
COPPER CRUDE OIL
D A I L Y B U Z Z
Soybean futures January contract fell 2.83% to Rs 3823.5 per 100 kg, while December contract fel1 2.23% to Rs 3838 per 100 kg on Monday noon trade. Erractic domestic supplies, late rains in Madhya Pradesh, Maharashtra and Rajasthan have affected the yeilds and quality of soybeans causing short supply of quality beans and consequent bullish momentum to prices.
India soybean futures rose to near Rs 4000 per 100 kg last week on declining supplies in the spot market and healthy demand but has opened the week on a corrective note having fallen close to three percent in early trades on profit booking.
Soybean futures January contract fell 2.83% to Rs 3823.5 per 100 kg, while December contract fel1 2.23% to Rs 3838 per 100 kg on Monday noon trade. Erractic domestic supplies, late rains in Madhya Pradesh, Maharashtra and Rajasthan have affected the yeilds and quality of soybeans causing short supply of quality beans and consequent bullish momentum to prices.
Monday, November 25, 2013
DAILY MCX COMMODITY TIPS ON PRECIOUS METALS FOR 25 NOV 2013
SILVER GOLD
D A I L Y B U Z Z
Gold prices moved down by 0.43 per cent to Rs 29,941 per 10 gram in futures trade, after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 129, or 0.43 per cent, to Rs 29,941 per 10 gram in business turnover of 372 lots. Likewise, the metal for delivery in far-month February next year shed Rs 103, or 0.35 per cent, to Rs 29,329 per 10 gm in 34 lots.
Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here.
Globally, gold fell 2.54 per cent to $1,242.80 an ounce in New York on Wednesday.
D A I L Y B U Z Z
Gold prices moved down by 0.43 per cent to Rs 29,941 per 10 gram in futures trade, after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 129, or 0.43 per cent, to Rs 29,941 per 10 gram in business turnover of 372 lots. Likewise, the metal for delivery in far-month February next year shed Rs 103, or 0.35 per cent, to Rs 29,329 per 10 gm in 34 lots.
Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here.
Globally, gold fell 2.54 per cent to $1,242.80 an ounce in New York on Wednesday.
Friday, November 22, 2013
REVIA DAILY COMMODITY REPORT 22 NOV 2013
Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Crude oil futures are trading lower in global markets on Thursday. January 2013 Brent crude oil futures down 0.32% to USD 107.71 a barrel on the New York Mercantile Exchange.
Meanwhile, January 2013 light sweet crude oil (WTI) futures decreased 0.27% to trade at USD 93.59 a barrel on the New York Mercantile Exchange (12.34 pm IST).
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
SILVER GOLD
D A I L Y B U Z Z
Gold prices moved down by 0.43 per cent to Rs 29,941 per 10 gram in futures trade, after participants offloaded partial positions, taking weak cues from the global market. At the Multi Commodity Exchange, gold for delivery in December eased by Rs 129, or 0.43 per cent, to Rs 29,941 per 10 gram in business turnover of 372 lots. Likewise, the metal for delivery in far-month February next year shed Rs 103, or 0.35 per cent, to Rs 29,329 per 10 gm in 34 lots.
Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here. Globally, gold fell 2.54 per cent to $1,242.80 an ounce in New York on Wednesday.December 2013 silver futures at the MCX were trading down 0.57% at Rs 44,742 per 1 kg after hitting high of Rs 44,851. It opened at Rs 44,851.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z ZCrude oil futures are trading lower in global markets on Thursday. January 2013 Brent crude oil futures down 0.32% to USD 107.71 a barrel on the New York Mercantile Exchange.
Meanwhile, January 2013 light sweet crude oil (WTI) futures decreased 0.27% to trade at USD 93.59 a barrel on the New York Mercantile Exchange (12.34 pm IST).
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.
Mixed trends were visible in agri-commodities markets with turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turned bearish on inferior quality of the commodity in Rajasthan and Maharashtra markets.
In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.
Thursday, November 21, 2013
Daily Market Update on Precious Metals, Base Metals & Energy, Agro FOR 21 NOV 2013
SILVER GOLD
D A I L Y B U Z Z
Gold edged lower on Wednesday, failing to capitalise on dovish Federal Reserve's comments as investors awaited the release of the minutes of the U.S. central bank's policy meeting later in the session for clues on when it will trim its stimulus.
In a speech that echoed comments by his nominated successor, Janet Yellen, Bernanke said that while the economy had made significant progress, it was still far from where officials wanted it to be.
Spot gold fell 0.3 percent to $1,270.96 an ounce by 1058 GMT. The short-term upside was capped at 10-day moving average of $1,290, while a break below $1,260 would trigger losses to $1,220, VTB Capital said in a note.
U.S. gold futures for December delivery fell 0.3 percent to $1,270.10 an ounce.
The dollar was marginally lower against a basket of currencies ahead of the minutes for the October 29-30 Fed meeting, due for release at 1900 GMT. Investors were looking for detail of Fed discussions on the timing of any tapering.
COPPER CRUDE OIL
D A I L Y B U Z Z
MCX crude oil is expected to witness further recovery during intra-day trade. US Energy Information Administration (EIA) is scheduled to release its weekly crude oil inventory data at 21.00 IST on Wednesday. Also a list of data releases are scheduled for the day and traders may get further details for their trading.
India crude oil prices edged higher due to short covering and was seen trading up on Wednesday amid a slight recovery in global crude oil futures. NYMEX crude oil for January delivery was seen trading at $93.89 per barrel as of 15.35 IST.
Crude oil futures on India's Multi Commodity Exchange (MCX) for December delivery was seen trading with a gain of 0.47% at Rs.5928 per barrel as of 15.37 IST on Wednesday.
MCX crude oil is expected to witness further recovery during intra-day trade. Resistance for the commodity is seen at 5960 and trading above the same may push the prices further till 6000. Support for the commodity is seen at 5900 and 4875 levels, according to Melbin Noble, Research Analyst at Commodity Online.
CHANA DHANIYA
D A I L Y B U Z Z
In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.
Mixed trends were visible in agri-commodities markets with turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turned bearish on inferior quality of the commodity in Rajasthan and Maharashtra markets.
In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and COtton.
Friday, November 15, 2013
MCX COMMODITY REPORT FOR EVENING FOR 15 NOV 13
Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Gold prices recovered by 0.25 per cent to Rs 29,778 per 10 grams in futures trade today as speculators covered short positions even as precious metal remained weak overseas.
At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25 per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.
The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479 per 10 gm in a turnover of 54 lots.
Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely supported by covering-up of short positions by speculators even as the metal weakened in overseas markets.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Crude oil prices in the global market remained weak on Thursday due to concerns over higher than
expected crude oil inventories and fears that US Central Bank may roll back its monetary stimulus later
this year on improving conditions of the United States. However, the statement from Yellen may have
limited further weakness in the commodity prices. Janet Yellen, nominee to lead the US Fed, said on
Wednesday that economy and labour market are still weak and Fed continue to support the economy
through its monetary stimulus program.
WTI crude oil for December delivery on NYMEX was seen trading with a loss of 15 cents at $93.73 per barrel as of 17.02 IST on Thursday.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
India soybean futures dropped on Wednesday as a result of profit booking despite weak Indian
currency and concerns over crop damage in key soybean growing areas due to excess rain fall
activities.
Soybean futures for December delivery on India's National Commodity and Derivatives Exchange (NCDEX) was seen trading with a loss of 1.13% at Rs.3920 per 100 kgs as of 13.14 IST on Wednesday.
SILVER GOLD
D A I L Y B U Z Z
Gold prices recovered by 0.25 per cent to Rs 29,778 per 10 grams in futures trade today as speculators covered short positions even as precious metal remained weak overseas.
At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25 per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.
The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479 per 10 gm in a turnover of 54 lots.
Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely supported by covering-up of short positions by speculators even as the metal weakened in overseas markets.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Crude oil prices in the global market remained weak on Thursday due to concerns over higher than
expected crude oil inventories and fears that US Central Bank may roll back its monetary stimulus later
this year on improving conditions of the United States. However, the statement from Yellen may have
limited further weakness in the commodity prices. Janet Yellen, nominee to lead the US Fed, said on
Wednesday that economy and labour market are still weak and Fed continue to support the economy
through its monetary stimulus program.
WTI crude oil for December delivery on NYMEX was seen trading with a loss of 15 cents at $93.73 per barrel as of 17.02 IST on Thursday.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
India soybean futures dropped on Wednesday as a result of profit booking despite weak Indian
currency and concerns over crop damage in key soybean growing areas due to excess rain fall
activities.
Soybean futures for December delivery on India's National Commodity and Derivatives Exchange (NCDEX) was seen trading with a loss of 1.13% at Rs.3920 per 100 kgs as of 13.14 IST on Wednesday.
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.
Friday, October 11, 2013
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Thursday, October 3, 2013
RESEARCH VIA COMMODITY UPDATE FOR 03/OCT/2013
Precious Metals
SILVER GOLD
D A I L Y
B U Z Z
Gold prices declined by 0.38 per cent to Rs 29,760 per ten grams in futures trade today as speculators trimmed their positions on weakening global trend.
At the Multi Commodity Exchange, Gold for delivery in December fell by Rs 114, or 0.38 per cent, to Rs 29,760 per ten grams in business turnover of 1,472 lots.
Similarly, the yellow metal for delivery in October traded lower by Rs 101, or 0.33 per cent, to Rs 30,324 per ten grams in 355 lots.
Market analysts said speculators trimmed their positions in tandem with a weak global trend on speculation that any US government shutdown will be short-lived, mainly influenced the sentiment.
Meanwhile, gold fell by 0.3 per cent to $1,324.95 an ounce in Singapore.
Base Metals & Energy
COPPER CRUDEOIL
D A I L Y B U Z Z
Copper prices fell by 0.42 per cent to Rs 464.45 per kg in futures trade today as speculators offloaded their positions, taking negative cues from overseas markets.
Sentiment turned bearish after copper fell for the first time in five days in global markets on concern that the first US government shutdown in 17 years may curb demand.
At the Multi Commodity Exchange, copper for delivery in November fell by Rs 1.95, or 0.42 per cent to Rs 464.45 per kg in business turnover of 5,578 lots.
Similarly, the metal for delivery in February traded lower by Rs 1.35, or 0.28 per cent to Rs 474.90 per kg in 252 lots.
Nickel prices weakened by 0.18 per cent to Rs 876 per kg in futures trade today as speculators offloaded their positions on the back of subdued demand from alloy -makers in the spot market.
At the Multi Commodity Exchange, nickel for delivery in October declined by Rs 1.60, or 0.18 per cent, to Rs 876 per kg in business turnover of 1,185 lots.
Similarly, the metal for delivery in November traded marginally lower by 50 paise, or 0.06 per cent, to Rs 886.20 per kg in 33 lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Cardamom prices fell by 1.11 per cent to Rs 764.80 per kg in futures trading today as speculators trimmed position, tracking a weak trend at spot market due to sluggish demand.
Further, adequate stocks availability in the spot market following increased arrivals from producing regions also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 8.50, or 1.11 per cent to Rs 754.80 per kg in business turnover of 155 lots.
Similarly, the spice for delivery in October traded lower by Rs 5.50, or 0.76 per cent to Rs 715.30 per kg in 310 lots.
Market analysts said offloading of positions by speculators, tracking a weak trend at spot market on sluggish demand against adequate supplies from producing regions, mainly influenced cardamom prices at futures trade.
Tuesday, September 24, 2013
RESEARCH VIA DAILY PRECIOUS METALS, BASE METALS ENERGY & AGRO OUTLOOK 24/09/2013
SILVER GOLD
DAILY BUZZ
The prices of both precious metals, gold and silver, fell further in the national capital today onsustained selling by stockists on the back of sluggish demand amid a weak global trend.
While gold plunged by Rs 280 to Rs 30,500 per ten gram in continuation with a loss of Rs 30 yesterday, silver dropped by Rs 1,600 to Rs 49,500 per kg after easing Rs 100 in the previous session on poor offtake by jewellers and industrial units.
Gold in overseas markets, which normally set price trend on the domestic front, fell by 2.7 per cent to USD 1,332.50 an ounce, the biggest drop since July 5. Silver fell 5.9 per cent to USD 21.92 an ounce, the biggest drop since June 20.
On the domestic front, gold of 99.9 and 99.5 per cent purity plunged by Rs 280 each to Rs 30,500 and Rs 30,300 per ten gram, respectively. It had shed Rs 30 yesterday.
Sovereign followed suit and declined by Rs 100 to 25,100 per piece of eight gram. Silver ready and weekly-based delivery tumbled by Rs 1,600 each to Rs 49,500 per kg, respectively. The white metal had lost Rs 100 in last trade.Silver coins also dropped by Rs 1000 to Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.
DAILY BUZZ
The prices of both precious metals, gold and silver, fell further in the national capital today onsustained selling by stockists on the back of sluggish demand amid a weak global trend.
While gold plunged by Rs 280 to Rs 30,500 per ten gram in continuation with a loss of Rs 30 yesterday, silver dropped by Rs 1,600 to Rs 49,500 per kg after easing Rs 100 in the previous session on poor offtake by jewellers and industrial units.
Gold in overseas markets, which normally set price trend on the domestic front, fell by 2.7 per cent to USD 1,332.50 an ounce, the biggest drop since July 5. Silver fell 5.9 per cent to USD 21.92 an ounce, the biggest drop since June 20.
On the domestic front, gold of 99.9 and 99.5 per cent purity plunged by Rs 280 each to Rs 30,500 and Rs 30,300 per ten gram, respectively. It had shed Rs 30 yesterday.
Sovereign followed suit and declined by Rs 100 to 25,100 per piece of eight gram. Silver ready and weekly-based delivery tumbled by Rs 1,600 each to Rs 49,500 per kg, respectively. The white metal had lost Rs 100 in last trade.Silver coins also dropped by Rs 1000 to Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.
D A I LY B U Z Z
COPPER CRUDE OIL
COPPER CRUDE OIL
Nickel prices moved down by 0.85 per cent to Rs 868.20 per kg in futures trade today due to sluggish demand from alloy-makers in the spot market amid a weak global trend.
At the Multi Commodity Exchange, nickel for delivery in September declined by Rs 7.40, or 0.85 per cent to Rs 868.20 per kg in a turnover of 1,228 lots.
Similarly, the metal for delivery in October traded lower by Rs 6.80, or 0.77 per cent to Rs 878.20 per kg in 143 lots.
Globally, nickel slid 1.30 per cent to USD 13,885.00 a tonne on the London Metal Exchange (LME).
Crude oil futures price today fell 0.42 per cent to Rs 6,609 per barrel, as speculators t rimmed positions amid a mixed trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 28, or 0.42 per cent, to Rs 6,609 per barrel in 3,708 lots.
In a likewise manner, oil for November moved down by Rs 20, or 0.30 per cent, to Rs 6,604 per barrel in 278 lots.
Meanwhile, West Texas Intermediate (WTI) crude for November delivery was down 4 cents to USD 104.71 a barrel on the New York Mercantile Exchange in mid-morning trade today.
DAILY BUZZ
CHANA DHANIYA
Chana prices moved down by 0.54 per cent to Rs 3,141 per quintal in futures market today as
speculators reduced holdings amid sluggish demand in the spot market against adequate
supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs
17, or 0.54 per cent to Rs 3,141 per quintal with an open interest of 1,58,340 lots.
Likewise, the commodity for delivery in September declined by Rs 12 or 0.39 per cent to Rs
3,056 per quintal in 2,970 lots.
Amid rising demand and restricted arrivals from producing regions, Cardamom prices rose for
the second day by adding 0.30 per cent to Rs 813.40 per kg in futures trade today as speculators
enlarged their positions.
At the Multi Commodity Exchange, cardamom for deliv ery in November gained Rs 2.40, or 0.30per cent to Rs 813.40 per kg in business turnover of 4 lots.
Similarly, the spice for delivery in October edged up by 40 paise, or 0.05 per cent to Rs 775.30
per kg in 238 lots
DAILY BUZZ
CHANA DHANIYA
Chana prices moved down by 0.54 per cent to Rs 3,141 per quintal in futures market today as
speculators reduced holdings amid sluggish demand in the spot market against adequate
supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs
17, or 0.54 per cent to Rs 3,141 per quintal with an open interest of 1,58,340 lots.
Likewise, the commodity for delivery in September declined by Rs 12 or 0.39 per cent to Rs
3,056 per quintal in 2,970 lots.
Amid rising demand and restricted arrivals from producing regions, Cardamom prices rose for
the second day by adding 0.30 per cent to Rs 813.40 per kg in futures trade today as speculators
enlarged their positions.
At the Multi Commodity Exchange, cardamom for deliv ery in November gained Rs 2.40, or 0.30per cent to Rs 813.40 per kg in business turnover of 4 lots.
Similarly, the spice for delivery in October edged up by 40 paise, or 0.05 per cent to Rs 775.30
per kg in 238 lots
Friday, September 20, 2013
DAILY COMMODITY REPORT FOR 20/SEPT/2013
Precious Metals
SILVER GOLD
DAILY BUZZ
Silver regained Rs 52,000 per kg level today in futures trade as prices climbed 2.76 cent to Rs 52,097 per kg, taking positive cues from the global market after the US Federal Reserve decided to keep its stimulus programme intact.
At the Multi Commodity Exchange, silver prices for delivery in March contracts rose sharply by Rs 1,398, or 2.76 per cent, to trade at Rs 52,097 per kg, in business turnover of 41 lots. The white metal prices for delivery in December too zoomed by Rs 1,406, or 2.84 per cent, to Rs 50,983 per kg in a turnover of 1,240 lots.
Market analysts said speculative positions created by participants following gains in the precious metals overseas in response to a surprise decision by the US Federal Reserve to keep its massive stimulus programme intact, mainly influenced silver prices at futures trade here.
Besides, a hike in import duty on gold and silver jewellery by 5 per cent to 15 per cent by the government on Tuesday supported the upside, they said.
Globally, silver gained 0.8 per cent to $ 23.13 an ounce in Singapore today after soaring 5.5 percent yesterday.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Crude oil futures prices on Thursday moved down by 1.93 per cent to Rs 6,701 per barrel after speculators reduced positions amid strengthening rupee.
However, a firming trend in the Asian region after the US Federal Reserve kept its huge monetary stimulus programme for the economy intact, capped the losses.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 132 or 1.93 per
cent, to Rs 6,701 per barrel in 1,813 lots.
Oil for September delivery shed Rs 108 or 1.58 per cent to Rs 6,715 per barrel in a turnover of
2,340 lots.
Analysts said the fall in crude oil at futures trade was mostly attributed to rise in the rupee's value, making dollar-quoted crude cheaper but a firming trend in the Asian region, limited the losses.
The rupee zoomed by 158 paise to trade at over one-month high of 61.80 against the dollar. Meanwhile, West Texas Intermediate (WTI) crude for October delivery added 52 cents to USD 108.59 per barrel on the New York Mercantile Exchange in mid-morning trade today.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Chana prices moved down by 0.54 per cent to Rs 3,141 per quintal in futures market today as
speculators reduced holdings amid sluggish demand in the spot market against adequate supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs 17, or 0.54 per cent to Rs 3,141 per quintal with an open interest of 1,58,340 lots.
Likewise, the commodity for delivery in September declined by Rs 12 or 0.39 per cent to Rs 3,056 per quintal in 2,970 lots.
Amid rising demand and restricted arrivals from producing regions, Cardamom prices rose for the second day by adding 0.30 per cent to Rs 813.40 per kg in futures trade today as speculators enlarged their positions.
At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 2.40, or 0.30 per cent to Rs 813.40 per kg in business turnover of 4 lots.
Similarly, the spice for delivery in October edged up by 40 paise, or 0.05 per cent to Rs 775.30 per kg in 238 lots.
Thursday, September 19, 2013
RESEARCHVIA DAILY COMMODITY REPORT FOR 19/09/2013
Precious Metals
SILVER GOLD
DAILY BUZZ
Gold prices fell 0.87 per cent to Rs 29,465 per 10 gm in futures trade today, as participants reduced their positions largely in tandem with a weak overseas trend.
At the Multi Commodity Exchange, gold for delivery in October contract eased by Rs 258, or 0.87 per cent, to Rs 29,465 per 10 gm in business turnover of 278 lots.
Likewise, the metal for delivery in far-month December shed Rs 170, or 0.78 per cent, to Rs 29,340 per 10 gm in 22 lots.
Silver prices fell by 1.49 per cent to Rs 48,666 per kg in futures trade today as speculators indulged in trimming positions, taking weak cues from the global markets.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 735 or 1.49 per cent, to Rs 48,666 per kg in business turnover of 470 lots.
Similarly, the white metal for delivery in March declined by Rs 617, or 1.22 per cent, to Rs 49,883 per kg in business volume of 4 lots.
Base Metals & Energy
COPPER CRUDEOIL
DAILY BUZZ
Copper prices rose 0.22 per cent to Rs 457.60 per kg in futures trade on Thursday as speculators enlarged positions, largely in tune with a firm overseas trend, amid rising demand in spot market.
At the Multi Commodity Exchange, copper for delivery in November traded higher by Re one,
or 0.22 per cent, to Rs 457.60 per kg in business turnover of 8,180 lots.
The metal for delivery in far-month February edged up by 45 paise, or 0.10 per cent, to Rs
467.35 per kg in 277 lots.
Globally, copper for delivery in three months on the London Metal Exchange rose 0.3 per cent to $ 7,094.75 a tonne.
Market analysts said apart from increased demand at domestic spot markets from consuming
industries, a firming overseas trend before the US Federal Reserve concludes a two-day meeting today when policy makers will decide whether to slow its monthly bond-buying programme, influenced copper futures here.
Agro Outlook
CHANA DHANIYA
DAILY BUZZ
Chana prices moved down by 0.54 per cent to Rs 3,141 per quintal in futures market today asspeculators reduced holdings amid sluggish demand in the spot market against adequate
supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs17, or 0.54 per cent to Rs 3,141 per quintal with an open interest of 1,58,340 lots.
Likewise, the commodity for delivery in September declined by Rs 12 or 0.39 per cent to Rs
3,056 per quintal in 2,970 lots.
Amid rising demand and restricted arrivals from producing regions, Cardamom prices rose for the second day by adding 0.30 per cent to Rs 813.40 per kg in futures trade today as speculators enlarged their positions.
At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 2.40, or 0.30 per cent to Rs 813.40 per kg in business turnover of 4 lots.
Similarly, the spice for delivery in October edged up by 40 paise, or 0.05 per cent to Rs 775.30per kg in 238 lots.
Tuesday, September 17, 2013
RESEARCH VIA DAILY COMMODITY REPORT FOR 17/09/2013
Precious Metals
SILVER GOLD
DAILY BUZZ
Gold futures prices today fell by 1.52 per cent to Rs 29,669 per 10 grams as speculators
offloaded their positions, taking weak cues from the global market amid rising rupee.
Besides, subdued spot demand and profit-booking by speculators also put pressure on gold futures.
At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 459, or 1.52 per cent, to Rs 29,669 per 10 grams in business turnover of 2,853 lots.
Similarly, metal prices for delivery in far-month December declined by Rs 430, or 1.44 per cent, to Rs 29,526 per 10 grams in 291 lots.
Analysts said the fall in gold futures was mostly attributed to a weak trend in the Asian region and a rising rupee, which made dollar-quoted precious metal cheaper.
Globally, gold prices fell $ 4.20, or 0.32 per cent to trade at $ 1,323.70 an ounce in Singapore.
Base Metals & Energy
COPPER CRUDE OIL
DAILY BUZZ
Nickel prices surged by 0.32 per cent to Rs 885 per kg in futures trade today as speculators enlarged their positions on the back of strong demand from alloy -makers in the spot market amid a firming global trend.
At the Multi Commodity Exchange, nickel for delivery in October month up by Rs 2.80, or 0.32
per cent, to Rs 885 per kg in business turnover of 166 lots.
In a similar fashion, the metal for delivery in September edged higher by Rs 2.60, or 0.30 per
cent, to Rs 876.10 per kg in 1,887 lots.
Lead prices rose by 0.37 per cent to Rs 135.80 per kg in futures market today as speculators
built-up positions, driven by pick-up in demand from battery makers in the spot market amid a
firm global trend.
At the Multi Commodity Exchange, lead for delivery in October rose by 50 paise, or 0.37 per
cent, to Rs 135.80 per kg in business turnover of 83 lots.
Likewise, the metal for delivery in September traded higher by 35 paise, or 0.26 per cent, to Rs
134.70 per kg in 1,889 lots.
Market analysts attributed the rise in lead prices at futures trade to rising demand from battery -
makers in the spot market and a firming trend in the global market.
Thursday, September 12, 2013
RESEARCH VIA DAILY COMMODITY REPORT FOR 12/09/2013
Precious Metals
SILVER GOLD:
DAILY BUZZ
Gold prices slide by 0.34 per cent to Rs 30,649 per ten gram in futures trade today as speculators trimmed positions on weak global trend.
At the Multi Commodity Exchange, gold for delivery in October month fell by Rs 104, or 0.34 per cent, to Rs 30,649 per ten gram in business turnover of 7,767 lots.
Likewise, the yellow metal for delivery in December traded lower by Rs 81, or 0.30 per cent, to Rs 30,558 per ten gram in 499 lots.
Market analysts attributed the fall in gold futures to a weak global trend.
Meanwhile, gold fell by $ 23.20 to $ 1363.30 an ounce in New York last night.
SILVER GOLD:
DAILY BUZZ
Gold prices slide by 0.34 per cent to Rs 30,649 per ten gram in futures trade today as speculators trimmed positions on weak global trend.
At the Multi Commodity Exchange, gold for delivery in October month fell by Rs 104, or 0.34 per cent, to Rs 30,649 per ten gram in business turnover of 7,767 lots.
Likewise, the yellow metal for delivery in December traded lower by Rs 81, or 0.30 per cent, to Rs 30,558 per ten gram in 499 lots.
Market analysts attributed the fall in gold futures to a weak global trend.
Meanwhile, gold fell by $ 23.20 to $ 1363.30 an ounce in New York last night.
Base Metals & Energy
COPPER CRUDE OIL
DAILY BUZZ
Zinc futures prices on Wednesday rose by one per cent to Rs 121 per k g as speculators enlarged positions, tracking a firming trend overseas.
At the Multi Commodity Exchange, zinc prices for delivery in October up by Rs 1.20, or one per
cent, to Rs 121 per kg in business turnover of six lots.
Likewise, the metal prices for delivery in September gained Rs 1.15, or 0.97 per cent to Rs 119.55
per kg in 208 lots.
Nickel prices surged by 1.42 per cent to Rs 883.50 per kg in futures trade today as speculators enlarged their positions on the back of strong demand from alloy -makers in the spot market amid a firming global trend.
At the Multi Commodity Exchange, nickel for delivery in September month traded Rs 12.40, or 1.42 per cent, higher at Rs 883.50 per kg in business turnover of 728 lots.
In a similar fashion, the metal for delivery in October shot up by Rs 12, or 1.36 per cent, to Rs 892 per kg in 44 lots.
Agro Outlook
CHANA DHANIYA
DAILY BUZZ
Cardamom prices rose 1.46 per cent to Rs 798 per kg in futures trade on Wednesday as traders enlarged positions driven by pick-up in spot market demand.
The tight stocks position following less arrivals from producing regions also influenced cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in in October rose by Rs 11.50, or 1.46
per cent, to Rs 798 per kg, with a business turnover of 315 lots.
Similarly, the spice for delivery in November edged up by Rs 6.80, or 0.83 per cent, to Rs 823.50 per kg with a business turnover of 34 lots.
Mentha oil futures prices today moved down by 0.70 per cent to Rs 886 per kg due to higher supplies from producing regions against lower demand from pharmaceutical units.
Adequate stocks following higher supplies from producing region in the physical market also kept pressure on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in September declined by Rs 6.30, or
0.70 per cent, to Rs 886 per kg in business turnover of 248 lots. Likewise, the oil for delivery in October traded lower by Rs 2.80, or 0.30 per cent, to Rs 902.70 per kg in 37 lots.
Wednesday, September 11, 2013
COMMODITY REPORT FOR TODAY
Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Gold futures prices today fell by 1.06 per cent to Rs 31,291 per 1 0 grams as speculators offloaded their positions in tandem with a weak global trend amid strengthening rupee.
At the Multi Commodity Exchange, gold prices for delivery in far-month December fell by Rs 334, or 1.06 per cent, to Rs 31,291 per 10 grams in business turnover of 92 lots.
Similarly, metal prices for delivery in October declined by Rs 327, or 1.04 per cent, to Rs 31,213 per ten grams in 1,269 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on speculation that the US Federal Reserve will start to pare stimulus from next week, and as a bid to avert military action in Syria eroded haven demand.
Besides, strengthening rupee, making imports of dollar-quoted precious metal cheaper, also helped gold to trade lower, they said.
Meanwhile, gold prices fell 0.8 per cent to USD 1,375.81 an ounce in Singapore.
SILVER GOLD
D A I L Y B U Z Z
Gold futures prices today fell by 1.06 per cent to Rs 31,291 per 1 0 grams as speculators offloaded their positions in tandem with a weak global trend amid strengthening rupee.
At the Multi Commodity Exchange, gold prices for delivery in far-month December fell by Rs 334, or 1.06 per cent, to Rs 31,291 per 10 grams in business turnover of 92 lots.
Similarly, metal prices for delivery in October declined by Rs 327, or 1.04 per cent, to Rs 31,213 per ten grams in 1,269 lots.
Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas on speculation that the US Federal Reserve will start to pare stimulus from next week, and as a bid to avert military action in Syria eroded haven demand.
Besides, strengthening rupee, making imports of dollar-quoted precious metal cheaper, also helped gold to trade lower, they said.
Meanwhile, gold prices fell 0.8 per cent to USD 1,375.81 an ounce in Singapore.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Amid a weak trend overseas and profit-booking by speculators, copper prices fell by 0.86 per cent to Rs 478.50 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in February month fell by Rs 4.15, or 0.86 per cent, to Rs 478.50 per kg in business turnover of 64 lots.
Similarly, the metal for delivery in November traded lower by Rs 4, or 0.84 per cent, to Rs 469.40 per kg in 2,640 lots.
Nickel prices moved down by 1.37 per cent to Rs 892.50 per kg in futures trade today due to sluggish demand from alloy-makers in the spot market amid a weak global trend.
At the Multi Commodity Exchange, nickel for delivery in October month declined by Rs 12.40, or 1.37 per cent to Rs 892.50 per kg in a turnover of 60 lots.
Similarly, the metal for delivery in September traded lower by Rs 12.10, or 1.35 per cent to Rs 884.20 per kg in 1,005 lots.
Crude oil futures price today dipped 1.32 per cent to Rs 6,963 per barrel, as speculators trimmed positions at prevailing levels amid a weakening trend in the Asian trade as fears of a possible US-led strike on Syria eased.At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 93, or 1.32 per cent, to Rs 6,963 per barrel in 3,196 lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Soybean prices hardened by Rs 69.50 to Rs 3,561 per quintal in futures trading today on traders' buying on the back of firm overseas markets sentiment.
Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in futures trade.
At the National Commodity and Derivatives Exchange, soybean prices for far January contract spurted by Rs 69.50, or 1.91 per cent to Rs 3,561 per quintal, with an open interest of 3,090 lots.
Most active near November contract surged by Rs 63.50, or 1.79 per cent to Rs 3,508 per quintal, having an open interest of 1,14,030 lots.
Mentha oil prices edged up by Rs 1.50 to Rs 948.50 per quintal in futures today as speculators enlarged positions after pick up in demand in the spot market.
At the Multi Commodity Exchange, mentha oil for delivery in September edged up by Rs 1.50, or 0.16 per cent to Rs 948.50 per kg in business turnover of 619 lots.
Likewise, the oil for delivery in October traded marginally higher by 20 paise, or 0.02 per cent to Rs 962.60 per kg in 85 lots.
Wednesday, August 28, 2013
RESEARCH VIA DAILY COMMODITY REPORT FOR 29/08/2013
Precious Metals
S I L V E R GOLD
D A I L Y B U Z Z
Silver futures prices today spurted by 1.57 per cent to Rs 54,630 per kg as speculatorscreated
positions even as metal declined in Asian trade.
At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 843, or
1.57 per cent, to Rs 54,630 per kg in business turnover of 905 lots.
On the similar lines, the white metal for delivery in far-month December traded Rs 829, or 1.51
per cent, higher at Rs 55,660 per kg in a turnover of 91 lots.
In the international market, silver, however, declined 1 per cent to USD 24.07 an ounce after
climbing to USD 24.41 yesterday, the highest since May.
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Base Metals & Energy
C O P P E R C R U D E O I L
D A I L Y B U Z Z
Crude oil futures prices today rose by 1.21 per cent to Rs 6,951 per barrel as speculators
enlarged positions, tracking a firming trend in the Asian region.
At the Multi Commodity Exchange, crude oil prices for delivery in September traded Rs 83, or
1.21 per cent higher at Rs 6,951 per barrel, with a business turnover of 4,578 lots.
The crude oil prices for October also up by Rs 76, or 1.11 per cent, to Rs 6,944 per barrel, with a business volume of 513 lots.
Market analysts said the rise in crude oil futures attributed to a firming trend in Asia on
concerns over possible US military action against Syria after Washington warned President
Bashar al-Assad's regime it would face action over an alleged chemical weapons attack.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Supported by a pick up in industrial demand in the spot market and restricted supplies from
producing regions, mentha oil prices gained 0.85 per cent to Rs 879.50 per kg in futures trade
today.
At the Multi Commodity Exchange, mentha oil for delivery in August moved up by Rs 7.40, or
0.85 per cent to Rs 879.50 per kg in business turnover of 364 lots.
Similarly, the oil for delivery in September gained Rs 5.70, or 0.65 per cent to Rs 895.60 per kg in 358 lots.
Turmeric prices rose by Rs 76 to Rs 5,240 per quintal in futures market today as speculators created enlarged positions, driven by a rise in demand in the spot market against tight supplies from producing region.
At the National Commodity and Derivatives Exchange, turmeric for delivery in October rose by Rs 76, or 1.47 per cent to Rs 5,240 per quintal in an open interest of 8,900 lots.
Similarly, the spice for delivery in September rose by Rs 60, or 1.18 per cent to Rs 5,154 per quintal in 17,060 lots.
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