Showing posts with label commodities prices. Show all posts
Showing posts with label commodities prices. Show all posts
Monday, March 3, 2014

RESEARCH VIA BUY SILVER, BUY CRUDE OIL & BUY ZINC TARGET HIT

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Tuesday, December 10, 2013

DAILY COMMODITY REPORT FOR 10 DEC 2013

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

Snapping its two-day losing streak, gold rebounded by Rs 255 to Rs 30,755 per ten grams in the national capital today on low level buying by stockists and retailers for the ongoing marriage season.

However, silver remained under selling pressure for the sixth straight session and shed Rs 30 to Rs 43,470 per kg. It had lost Rs 1,575 in the previous five sessions.

Traders said low level buying by stockists and retailers for the ongoing marriage season led the recovery in gold.

They said silver remained under selling pressure against reduced offtake by industrial units and surrendered fresh ground.

On the domestic front, gold of 99.9 and 99.5 per cent purity rebounded by Rs 255 each to Rs 30,755 and Rs 30,555 per ten grams, respectively. It had lost Rs 750 in last two days. Sovereign rose by Rs 100 to Rs 25,200 per piece of eight gram.


On the other hand, silver ready continued to slide by Rs 30 to Rs 43,470 per kg and weeklybased delivery.

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

Taking weak cues from global markets, aluminium prices fell to Rs 106.75 per kg in futures trading today as speculators offloaded positions.

Further, sluggish demand in the domestic spot markets also weighed on the metal prices.

At the Multi Commodity Exchange, aluminium for delivery in December declined by 55 paise, or 0.51 
per cent, to Rs 106.75 per kg in business turnover of 153 lots. Similarly, the metal for delivery in January 2014 contracts traded lower by 50 paise, or 0.46 per cent, to Rs 108.50 per kg in 13 lots.

Amid a weak trend in the global markets and sluggish domestic demand, zinc futures today fell 0.21 per cent to Rs 116.75 per kg as participants reduced their positions.

At the Multi Commodity Exchange, zinc for delivery in January traded lower by 25 paise, or 0.21 per 
cent, to Rs 116.75 per kg, with a business turnover of six lots.

The metal for delivery in current month fell by 20 paise, or 0.17 per cent, to Rs 115.55 per kg in a 
turnover of 110 lots.

Nickel prices dropped 0.39 per cent to Rs 850.60 per kg in futures trade today after participants trimmed holdings tracking a weak trend overseas amid sluggish demand from alloy-makers in the spot 
market. At the Multi Commodity Exchange, nickel for delivery in January next year dropped by Rs 3.30, or 0.39 per cent, to Rs 850.60 per kg in a business turnover of 19 lots. The metal for delivery in current month shed Rs 2.70, or 0.32 per cent, to Rs 842 per kg in 48 lots. 

Agro Outlook
CHANA  DHANIYA
                                                 D A I L Y B U Z Z

Cardamom prices fell by 0.42 per cent to Rs 705.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market.

Besides, adequate stocks position in the physical market following increased arrivals from producing belts also put pressure on cardamom.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 3, or 0.42 per 
cent to Rs 705.50 per kg in business turnover of 104 lots. Similarly, the spice for delivery in January shed Rs 2.30, or 0.31 per cent to Rs 733.50 per kg in 113 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, subdued demand in the spot market mainly influenced cardamom prices at futures trade. 

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Saturday, November 30, 2013

RESEARCH VIA DAILY COMMODITY REPORTS FOR 30 NOV 2013

Precious Metals
SILVER  GOLD
                                                        D A I L Y B U Z Z
Gold futures prices moved down by 0.36 per cent to Rs 30,049 per 10 grams today, 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 110, or 0.36 per cent, to Rs 30,049 per 10 gm in business turnover of 660 lots. 
Likewise, the metal for delivery in February next year shed Rs 51, or 0.17 per cent, to Rs 29,229 per 10 gm in 257 lots. 
Market analysts said a weak trend in the overseas markets on speculation that the Federal Reserve will begin reducing monetary stimulus as the US economy strengthens, damping demand for haven assets, mainly weighed gold prices at futures trade. 
Globally, gold traded lower at USD 1,242.65 an ounce in Singapore today as against yesterday's USD 1,244.13. 

Base Metals & Energy
COPPER  CRUDE OIL
                                                      D A I L Y B U Z Z
Aluminium prices fell by 0.30 per cent to Rs 107.95 per kg in futures trading today as speculators offloaded their positions driven by weak global trend on supply outlook. 
At the Multi Commodity Exchange, aluminium for delivery in December declined by 40 paise, or 0.30 
per cent, to Rs 107.95 per kg in business turnover of 179 lots. 
Similarly, the metal for delivery in November traded lower by 30 paise, or 0.28 per cent to Rs 105.95 per k g in 232 lots. 
Market analysts said speculators offloaded their positions in tandem with a weak global trend amid 
signs that the metal will remain in oversupply, weighed on aluminium prices at futures trade here. 
Meanwhile, aluminium for delivery in three months fell USD 1,744 per tonne on the London Metal 
Exchange.

Agro Outlook
CHANA  DHANIYA
                                                     D A I L Y B U Z Z
Coriander prices fell by 1.14 per cent to Rs 7,500 per quintal in futures trade today as speculators 
booked profits at existing higher levels, influenced by a decline in demand in spot market. 
At the Multi Commodity Exchange, coriander for delivery in December fell by Rs 87, or 1.14 per 
cent, to Rs 7,500 per quintal with open interest of 25,790 lots. 
The spice for January delivery declined by Rs 80, or 1.02 per cent, to Rs 7,708 per quintal with an open interest of 13,720 lots. Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices. 

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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.
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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.

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Tuesday, October 29, 2013

RESEARCH VIA COMMODITY MCX NCDEX TIPS FOR 29/OCT/13

Precious Metals
SILVER  GOLD
                                                      D A I L YB U Z Z
Gold prices fell 0.24 per cent to Rs 30,460 per 10 gram in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit booking.
At the Multi Commodity Exchange, Gold for delivery in far-month February next year eased by Rs 73, or 0.24 per cent, to Rs 30,460 per 10 gram in business turnover of 26 lots.
Likewise, the metal for delivery in December shed Rs 63, or 0.20 per cent, to Rs 30,797 per 10 gram in 613 lots.
Analysts said a weakening trend in the overseas markets, before the US Federal Reserve begins a meeting where policy makers may decide on the pace of monetary stimulus, mainly weighed on the gold prices in futures trade here.
Globally, gold fell 0.23 per cent to USD 1,349.80 an ounce in Singapore today.

Base Metals & Energy
COPPER CRUDE OIL
                                                     D A I L Y B U Z Z
Lead prices traded marginally higher by 0.37 per cent to Rs 134.80 per kg in futures trade today as
speculators created fresh positions after a rise in demand from battery-maker in the spot market.
At the Multi Commodity Exchange, lead for delivery in October traded higher by 50 paise, or 0.37 per
cent, to Rs 134.80 per kg in business turnover of 3,474 lots.
Likewise, the metal for delivery in November edged up by 35 paise, or 0.26 per cent, to Rs 136.05 per kg in 441 lots.
Market analysts said fresh positions built up by speculators on the back of a rise in demand from battery-maker in the spot market mainly helped lead prices to trade higher in futures trade.
Nickel prices moved up by 0.55 per cent to Rs 895.50 per kg in futures trading today as speculators
enlarged their positions, driven by pick up in demand from alloy-maker in the spot market.
At the Multi Commodity Exchange, nickel for delivery in October rose by Rs 4.90, or 0.55 per cent, to Rs 895.50 per kg in business turnover of 2,815 lots.
Likewise, the metal for delivery in November moved up by Rs 4.30, or 0.48 per cent, to Rs 902.30 per kg in 367 lots.
Market analysts attributed the rise in nickel futures to pick up in demand from alloy-maker in the spot
market.

Agro Outlook
CHANA  DHANIYA
                                                   D A I L Y B U Z Z
Cardamom prices up by 2.12 per cent to Rs 758 per kg in futures trade today after speculators
built up positions supported by rising demand at spot markets.
Besides, tight stocks position in the spot market following lower arrivals from producing regions
also influenced prices.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 15.80, or
2.12 per cent, to Rs 758 per kg, with a business turnover of 877 lots.
The spice for delivery in December increased by Rs 7.50, or 0.99 per cent, to Rs 762.40 per kg
with a trading volume of 253 lots.
Traders said firm demand in the physical market against restricted arrivals from producing belts
mainly influenced cardamom prices at futures trade.



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Thursday, October 17, 2013

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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.

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.


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RESEARCH VIA DAILY COMMODITY REPORT FOR TODAY

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Friday, September 6, 2013

RESEARCH VIA DAILY COMMODITY REPORT FOR 06/09/2013

Precious Metals
GOLD    SILVER
D A I L Y   B U Z Z
Taking weak cues from the global market and profit-booking by speculators, silver futures prices today fell sharply by Rs 1,973, or 3.33 per cent, to Rs 57,260 per kg.
Analysts said a weak trend in the overseas markets on mounting concern over the US Fed scaling back stimulus and profit-booking by speculators after recent gains, weighed on silver futures prices.
At the Multi Commodity Exchange, silver prices for delivery in December fell by Rs 1,973, or 3.33 per cent, to Rs 57,260 per kg in business turnover of 3,862 lots.
Similarly, the white metal prices for delivery in September lost Rs 1,831, or 3.20 per cent, at Rs 55,477 per kg in 31 lots.

Meanwhile, silver shed 1.85 per cent to USD 23.83 an ounce in Singapore today.

Base Metals & Energy
COPPER  CRUDE OIL
D A I L Y B U Z Z
Tracking a weak trend in base metals overseas and subdued spot demand, zinc futures prices today fell 0.84 per cent to Rs 129.10 per kg as speculators reduced positions.
At the Multi Commodity Exchange, zinc prices for delivery in September declined by Rs 1.10, or 0.84 per cent, to Rs 129.10 per kg in business turnover of 227 lots.
Likewise, the metal prices for delivery in October traded lower by Rs 1.05, or 0.80 per cent, to Rs 130.30 per kg in just one lot.
Aluminium prices edged lower by 0.92 per cent to Rs 123.90 per kg in futures trade today as participants trimmed positions, tracking a weak overseas trend.
At the Multi Commodity Exchange, aluminium for delivery in October shed Rs 1.15, or 0.92 percent, to Rs 123.90 per kg in business turnover of 20 lots.
Likewise, the metal for delivery in September traded lower by Rs 1.10, or 0.89 per cent, to Rs 122.65 per kg in 242 lots.
Crude oil futures prices today fell by 1.82 per cent to Rs 7,392 per barrel, after speculators reduced exposures amid a mixed trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 137, or 1.82 percent, to Rs 7,392 per barrel in 1,246 lots.Oil for September delivery moved down by Rs 132, or 1.76 per cent to Rs 7,375 per barrel in a turnover of 12,442 lots.

Agro Outlook
CHANA   DHANIYA
D A I L Y B U Z Z
Cardamom prices recovered by 0.58 per cent to Rs 833 per kg in futures market today as speculators created fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.
At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 4.80, or 0.58 per cent to Rs 833 per kg in business turnover of 51 lots.
Likewise, the spice for delivery in October traded higher by Rs 1.50, or 0.19 per cent to Rs 793 per kg in 116 lots.
Market analysts said the rise in cardamom prices at futures trade was mostly attributed to speculators creating fresh positions after an improvement in demand in the spot market amid restricted arrivals from producing regions.




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Monday, September 2, 2013

RESEARCH VIA DAILY COMMODITY REPORT FOR 03/09/2013

Precious Metals
SILVER  GOLD
                                                                  D A I L Y 
B U Z Z
Amid volatility in gold prices, the commodity market regulator Forward Markets Commission (FMC) has raised the initial margin on gold futures to 5 per cent of the value of contract from 4 per cent, on all the exchanges in the country.The increased rate of margin will be effective from September 2.

"... the Exchanges are directed to impose initial margin on gold contracts (all gold contracts) at the rate of 5 per cent of the value of the contract," FMC said in a directive.

In view of the current price volatility, the Commission has also decided to impose additional margin of 5 per cent on all the Gold, Silver, Brent Crude Oil, Crude Oil and Natural Gas contracts traded on the National Exchanges till further orders.

However, gold prices fell by 0.57 per cent, to Rs 33,438 per 10 grams in futures market in early
trade today as speculators indulged in trimming positions.

At the Multi Commodity Exchange, gold for delivery in far-month December declined by Rs 193, or 0.57 per cent, to Rs 33,438 per 10 grams in business turnover of 12 lots. Similarly, the yellow metal for delivery in October lost Rs 174, or 0.52 per cent, to Rs 33,476 per 10 grams in 305 lots.

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 after recent gains, copper prices fell by 0.32 per cent to Rs 485.35 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in August month fell by Rs 1.55, or 0.32 per cent, to Rs 485.35 per kg in business turnover of 1,326 lots.

Similarly, the metal for delivery in November traded lower by 85 paise, or 0.17 per cent to Rs 495.75 per kg in 1,424 lots.

Agro Outlook
CHANA    
DHANIYA
                                                         D A I L Y B U Z Z
Turmeric prices fell further by 0.75 per cent to Rs 5,024 per quintal in futures trade today afterparticipants trimmed positions amid higher stocks but export demand limited the fall.

At the National Commodity and Derivatives Exchange, turmeric for delivery in September declined by Rs 38, or 0.75 per cent, to Rs 5,024 per quintal in an open interest of 15,405 lots.

Similarly, the spice for delivery in October edged lower by Rs 34, or 0.66 per cent, to Rs 5,112 per
quintal in 10,780 lots.

Jeera prices fell by another 0.16 per cent to Rs 13,747.50 per quintal in futures mar ket today as
speculators indulged in reducing exposures amid expectations of higher sowing in producing region.

However, some export demand limited the downside. At the National Commodity and Derivatives Exchange, jeera for delivery in October fell Rs 22.50, or 0.16 per cent to Rs 13,747.50 per quintal with an open interest of 5,394 lots.

In a similar fashion, the spice for delivery in September lost Rs 20, or 0.15 per cent, to Rs 13,595 per quintal with an open interest of 8,667 lots. It had lost 0.05 per cent in yesterday's session.





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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.



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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Wednesday, August 7, 2013

COMMODITY UPDATE FOR 07/aug/2013

Precious Metals
S I L V E R   G O L D                                                          D A I L Y B U Z Z
Gold futures prices today rose by 0.31 per cent to Rs 27,821 per 10 grams as speculators 
covered-up their short positions even as metal weakened overseas.

Weakening rupee also influenced gold prices at futures trade.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 86, or 0.31 per cent, to trade higher at Rs 27,821 per 10 gm in a turnover of 325 lots.

Similarly, the metal prices for delivery in October edged up by Rs 53, or 0.19 per cent, to Rs 
27,909 per 10 gm, clocking a business volume of 6,177 lots.

Analysts attributed gains in the precious metal at futures trade to covering-up of short positions 
by speculators even as metal showed weakness in the global market.

Besides, weakening rupee dropped to an all-time low of Rs 61.51 against the dollar, which made imports costlier, also influenced gold prices.

Globally, gold fell USD 11.70, or 0.90 per cent, to USD 1,292.10 an ounce in Singapore.

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
Copper prices rose 0.60 per cent to Rs 430.75 per kg in futures trade today as speculators 
created fresh positions after increased industrial demand in the spot market.

At the Multi Commodity Exchange, copper for delivery in August rose by Rs 2.55, or 0.60 per 
cent to Rs 430.75 per kg in business turnover of 5958 lots.

Similarly, the metal for delivery in November traded higher by Rs 2.10, or 0.48 per cent to Rs 
438.30 per kg in 404 lots.

Market analysts said fresh positions created by speculators on the back of increased industrial 

demand in the spot market mainly helped copper to trade higher at futures trade.

Agro Outlook
CHANA  DHANIYA
                                                   D A I L Y B U Z Z
Sugar futures edged lower on Tuesday on surplus supplies, though an improvement in demand 
due to festivals and prospects of exports due a weak rupee limited the downside.

At 0900 GMT, the key September contract on the National Commodity and Derivatives 
Exchange was down 0.26 per cent at Rs 3,011 ($48.88) per 100 kg.

"In the coming weeks we may see few exports deals happening. The depreciation in the rupee is bringing parity."

The rupee lost as much as 1.5 per cent to 61.80 per dollar on Tuesday, breaking a previous record low of 61.21 on July 8, on sustained worries about the country's record high current account deficit.
.
Spot sugar rose Rs 11 to Rs 3,062 per 100 kg at the Kolhapur market in Maharashtra state.

India is likely to produce 23.7 million tonnes of sugar in the 2013/14 marketing year beginning 
October, down 5.2 per cent from a year earlier, but higher than the local demand of around 23 

million tonnes.
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Tuesday, March 26, 2013

MCX Commodity Market Updates & Tips Today 26 March 2013


Precious metals prices are trading a tad lower on MCX today. We do not expect any major fall in prices of bullions on account of accommodative monetary policy by the Fed and higher reserves by Russia. Buying at dips is recommended for the day.

Industrial/Base metals prices are trading lower on international bourses today. In the evening session we have the new home sales data to be released by the US. Any negative data reported is likely to further weigh on the prices of metals. Selling on rise is recommended for the day.

Crude oil prices are trading higher on international bourses today. We expect oil prices to give up its gains on account of higher inventory expectations at major US ports. Selling on rise is expected for the day.
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Friday, December 23, 2011

Live Commodity Market Price and Trading Tips Today

Today Gold, Silver, Copper, Crude and other base metals in MCX Commodity market are trading at positive prices. Today Gold is trading in the range of Rs. 27,700-27,900 and Silver is trading in the range of Rs. 53,100-53,300. Copper prices may touch the levels of Rs. 410 and Crude prices may touch the levels of Rs. 5300 in upcoming trading session. All base metals are trading at higher levels. We expect that all are trading same for the day.


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