Mcx Commodity Tips and News for 6 June 2015

Mcx Commodity Tips : Chana prices closed lower by 1.3 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At NCDEX, chana futures for June 2015 contract closed at Rs. 4,712 per quintal, down by 1.3 per cent, after opening at Rs. 4,755 against the previous closing price of Rs. 4,712. It touched the intra-day low of Rs. 4,644.

Jeera prices closed lower by 0.89 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for June 2015 contract closed at Rs. 17,790 per quintal, down by 0.89 per cent, after opening at Rs. 18,100 against the previous closing price of Rs. 17,950. It touched the intra-day low of Rs. 17,540.

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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. 

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RESEARCH VIA DAILY COMMODITY REPORT FOR 29 NOV 2013

Precious Metals
SILVER  GOLD
                                                          D A I L Y B U Z Z
Extending its losses for the second straight day, gold prices dropped by Rs 210 to Rs 31,215 per
ten gram in the national capital today on sustained selling by stockists on reduced offtake at higher levels amid weakening global trend.

Silver prices too fell by Rs 480 to Rs 44,800 per kg on reduced offtake by jewellers and coin makers.

Traders said weak demand at prevailing higher levels and retailers looking for more correction mainly kept pressure on gold and silver prices. They said weakening global trend after a report showed rising confidence among American consumers, reduced demand for the precious metals as a safe haven, further fuelled the selling pressure.

Gold in New York, which sets price trend on the domestic front, fell by 0.3 per cent to USD 1,237.90 an ounce and silver by 1.1 per cent to USD 19.68 an ounce last night.

On the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 210 each to Rs 31,215 and Rs 31,015 per ten gram, respectively. It had lost Rs 200 yesterday. Sovereign followed suit and shed Rs 100 to Rs 25,200 per piece of eight gram.

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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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REVIA DAILY COMMODITY REPORT 22 NOV 2013

Precious Metals
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 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

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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DAILY COMMODITY REPORT FOR 12/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
Lead futures prices rose marginally by 0.07 per cent today to trade at Rs 135.50 per kg on rising demand  in spot markets and positive cues from global markets.

At the Multi Commodity Exchange, lead for delivery in November traded 10 paise, or 0.07 per cent,
higher at Rs 135.50 per kg, with a turnover of 1,229 lots.

The metal for delivery in December also rose by a similar margin to trade at Rs 136.55 per kg, in a
business turnover of 133 lots.

Analysts said besides strong domestic demand from battery-makers, a firm trend in base metals at the

London Metal Exchange influenced lead prices at futures trade here.

Agro Outlook
CHANA  DHANIYA
                                                      D A I L Y B U Z Z
Sugar futures dropped due to poor demand and ample stocks with mills, and many trade and  industry officials believe the contract could fall further.

The key December contract was down 0.11 percent at 2,837 rupees per 100 kg at 1033 GMT on
the National Commodity and Derivatives Exchange.

India started the new sugar-marketing year with carry-forward stocks of 8.8 million tonnes. The
country is expected to produce 25 million tonnes this year against a demand of 23 million tonnes.

A pick-up in exports could help mills in trimming inventory and support prices, dealers said.

Indian traders have struck deals to export about 175,000 tonnes of raw sugar for DecemberJanuary delivery, marking their first sale in the new season that started on Oct. 1.

Spot sugar was unchanged at 3,200.00 rupees per 100 kg at the Kolhapur market in topproducing Maharashtra state. 

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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.

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TODAY COMMODITY REPORT FOR 25/09/2013

Precious Metals

SILVER  GOLD

                                               D A I L Y 

B U Z Z

Gold futures prices today fell by 0.36 per cent to Rs 29,678 per 10 gram as speculators engaged in trimming positions, tracking a weak trend overseas.

At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 108, or 0.36 per cent, to Rs 29,678 per 10 gram in business turnover of 253 lots.

Similarly, metal prices for delivery in October declined by Rs 99, or 0.33 per cent, to Rs 29,775 per ten gram in 2,235 lots.

Meanwhile, gold prices fell 0.4 per cent to settle at USD 1,327 an ounce in New York yesterday.

Silver prices fell by 0.93 per cent to trade at Rs 50,004 per kg in futures trade today as participants engaged in reducing their positions amid a weakening trend in the global markets.

At the Multi Commodity Exchange, silver for delivery in far-month March down Rs 471, or 0.93 per cent, to Rs 50,004 per kg in a business turnover of 22 lots.

In a similar fashion, the white metal for delivery in December traded lower by Rs 384, or 0.78 per cent, at Rs 49,009 per kg in 3,133 lots. Meanwhile, silver fell by 0.25 per cent to 21.59 dollar an ounce in Singapore today.

Base Metals & Energy

COPPER CRUDE OIL

                                                 D A I L Y 

B U Z Z

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 trimmed 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.

Agro Outlook

CHANA DHANIYA

                                           D A I L Y B U Z Z

Coriander prices fell by Rs 140 to Rs 5,550 per quintal in futures trade today as speculators reduced their positions on the back of sluggish demand amid sufficient supply in the spot market.

At the Multi Commodity Exchange, coriander prices for delivery in November fell by Rs 140, or 2.46 per cent, to Rs 5,550 per quintal with open interest of 5,480 lots.

The price for October delivery declined by Rs 120, or 2.16 per cent to Rs 5,426 per quintal with open interest of 20,670 lots.

Mentha oil prices fell by 0.83 per cent to Rs 877.10 per kg in futures trade today as speculators booked profits at prevailing higher levels amid a weak demand in the spot market.

Adequate stocks position in the physical market following increased arrivals from Chandousi in Uttar Pradesh also fuelled the downtrend in mentha oil prices.

At the Multi Commodity Exchange, mentha oil for delivery in October fell by Rs 7.40, or 0.83 per cent, to Rs 877.10 per kg, with a business turnover of Rs 123 lots.

Similarly, the oil for delivery in September declined by Rs 7.10, or 0.81 per cent, to Rs 862.50 per kg in 153 lots.

Marketmen attributed the fall in mentha oil futures to profit-booking by speculators after recent gains and a weak industrial demand in the spot market.

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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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DAILY COMMODITY REPORT FOR 05/09/2013

Precious Metals

SILVER  GOLD

                                                          D A I L Y  B U Z Z

Gold futures prices today fell by 1.19 per cent to Rs 32,598 per 10 grams as speculators offloaded their positions, taking weak cues from the global market.

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 390, or 1.19 per cent, to Rs 32,598 per 10 grams in business turnover of 525 lots.

Similarly, metal prices for delivery in the far-month December declined by Rs 370, or 1.12 per cent, to Rs 32,685 per 10 grams in 86 lots.

Silver prices drifted by 0.27 per cent to trade at Rs 55,110 per kg in futures trade today as speculators engaged in reducing exposures.

At the Multi Commodity Exchange, silver for delivery in far-month December traded Rs 150, or 0.27

per cent lower at Rs 55,110 per kg in business turnover of 1,860 lots.

In a similar fashion, the white metal for delivery in September fell by Rs 102, or 0.19 per cent lower, at Rs 53,110 per kg in 1,869 lots.

Base Metals & Energy

COPPER  CRUDE OIL

                                                    D A I L Y   

B U Z Z

Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.35 per cent to Rs 488.65 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.90, or 0.35 per cent, to Rs 488.65 per kg in business turnover of 2,327 lots.

The metal for delivery in far-month February edged up by Rs 1.60, or 0.32 per cent, to Rs 495.30 per kg in 56 lots.

Crude oil futures prices today dipped 2.93 per cent to Rs 7,034 per barrel, as speculators trimmed positions at prevailing levels amid a weakening trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 212, or 2.93 per cent, to Rs 7,034 per barrel in 5,843 lots.

In a likewise manner, oil for delivery in October moved down by Rs 202, or 2.78 per cent, to Rs 7,267 per barrel in 436 lots.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 04/09/2013

Precious Metals

SILVER  GOLD

                                                  D A I L Y B U Z Z

Gold futures prices today fell by 1.19 per cent to Rs 32,598 per 10 grams as speculators offloaded their positions, taking weak cues from the global market.

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 390, or 1.19 per cent, to Rs 32,598 per 10 grams in business turnover of 525 lots.

Similarly, metal prices for delivery in the far-month December declined by Rs 370, or 1.12 per cent, to Rs 32,685 per 10 grams in 86 lots.

Silver prices drifted by 0.27 per cent to trade at Rs 55,110 per kg in futures trade today as speculators engaged in reducing exposures.

At the Multi Commodity Exchange, silver for delivery in far-month December traded Rs 150, or 0.27 per cent lower at Rs 55,110 per kg in business turnover of 1,860 lots.

In a similar fashion, the white metal for delivery in September fell by Rs 102, or 0.19 per cent lower, at Rs 53,110 per kg in 1,869 lots.

Base Metals & Energy

COPPER   CRUDE OIL

                                                  D A I L Y 

B U Z Z

Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.35 per cent to Rs 488.65 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.90, or 0.35 per cent, to Rs 488.65 per kg in business turnover of 2,327 lots.

The metal for delivery in far-month February edged up by Rs 1.60, or 0.32 per cent, to Rs 495.30 per kg in 56 lots.

Crude oil futures prices today dipped 2.93 per cent to Rs 7,034 per barrel, as speculators trimmed positions at prevailing levels amid a weakening trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in September fell by Rs 212, or 2.93 per cent, to Rs 7,034 per barrel in 5,843 lots.

In a likewise manner, oil for delivery in October moved down by Rs 202, or 2.78 per cent, to Rs 7,267 per barrel in 436 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 after participants 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 market 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.

DHANIYA

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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DAILY COMMODITY REPORT FOR 28/08/2013

Precious Metals

SILVER  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 speculators created 

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

COPPER   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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COMMODITY REPORT FOR 26/AUG/2013

Precious Metals

S I L V E R   GOLD

                                                   D A I L Y B U Z Z

Gold futures prices today fell by 0.61 per cent to Rs 31,200 per 10 gram as speculators offloaded their positions, taking cues from the global market.Besides, profit-booking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange, gold pr ices for delivery in December fell by Rs 193, or 0.61per cent, to Rs 31,200 per 10 grams in business turnover of 16 lots.

Similarly, metal prices for delivery in October declined by Rs 173, or 0.55 per cent, to Rs 31,271per 10 gram in 393 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas asinvestors weighed the minutes of the US Federal Reserve's last meeting, which reinforced
expectations that stimulus will be tapered amid strengthening dollar, reducing appeal for the precious metal as an alternative investment .

Globally, gold prices fell 0.8 per cent to trade at $1,355.30an 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

Supported by a positive economic data and increased domestic demand, copper prices rose by 0.88 per cent to Rs 474.50 per kg in futures trade today as participants enlarged positions.

At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 4.15, or 0.88 per cent, to Rs 474.50 per kg in business turnover of 1,751 lots.

The metal for delivery in far-month November shot up by Rs 3.20, or 0.67 per cent to Rs 478.50 per kg in 388 lots.

Globally, copper for delivery in three months climbed 0.20 per cent to $7,336 per tonne on the London Metal Exchange.

Crude oil futures prices today rose by 0.71 per cent to Rs 6,777 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 48, or 0.71 per cent higher at Rs 6,777 per barrel, with a business turnover of 490 lots.

The crude oil prices for October also up by Rs 47, or 0.64 per cent, to Rs 6,771 per barrel, with a business volume of 208 lots.

Agro Outlook

CHANA    DHANIYA

                                              D A I L Y B U Z Z

Soybean future prices firmed up by Rs 72 to Rs 3,350 per quintal in futures trade today on increased buying by traders in line with firm overseas cues.

Marketmen said rise in price in international markets, supported by low supply and rising domestic demand mainly improved the sentiment here in futures trade.

At the National Commodity and Derivatives Exchange, soybean for October gained Rs 72, or2.20 per cent, to Rs 3,350 per quintal, with an open interest of 84,850 lots.

Prices for November contract also spurted by Rs 66.50, or 2.02 per cent, to Rs 3,360 per quintal,clocking an open interest of 86,060 lots.

Mentha oil prices were up Rs 6.50 to Rs 859 per kg in futures trade today as speculators enlarged

positions, driven by a rising demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, mentha oil for delivery in August month rose by Rs 6.50, or 0.76 percent, to Rs 859 per kg in business turnover of 244 lots.

Similarly, the oil for delivery in September moved up by Rs 6.50, or 0.75 per cent, to Rs 874.80 per kg in214 lots.

In a similar fashion, the spice for delivery in October traded higher by Rs 2.70, or 0.34 per cent, to Rs 791per kg in 30 lots.

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Commodity Update For 16/july/2013

Precious Metals
                                                           D A I L Y B U Z Z

Silver prices spurted by nearly 1 per cent to Rs 42,590 per kg in futures trade today as participants engaged in creating speculative positions, tracking a firming trend in base metals overseas.

At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 417, or 0.99 per cent, to Rs 42,590 per kg in business turnover of 33 lots.

On similar lines, the metal for delivery in September traded Rs 290, or 0.94 per cent, higher at Rs 41,870 per kg in a turnover of 1,648 lots.

In the international market, silver climbed 1.2 per cent, to trade at USD 20.17 an ounce in Singapore.

Base Metals & Energy

                                                          D A I L Y B U Z Z

Supported by a firming trend in the global markets, copper prices today rose by 0.47 per cent to Rs 427.70 per kg in futures trade as speculators indulged in enlarging positions.

At the Multi Commodity Exchange, copper for delivery in November edged up by Rs 2, or 0.47 per cent, to Rs 427.70 per kg in business turnover of 103 lots.

Likewise, the metal for delivery in August traded higher by Rs 1.85, or 0.44 per cent, to Rs 421.90 per kg in 1,899 lots.

Lead futures prices today gained 0.44 per cent on rising demand at domestic spot markets amid a firming trend in the global markets after China released data showing the economy grew in line with expectations in the April-June quarter.

At the Multi Commodity Exchange, lead for delivery in August traded 55 paise, or 0.44 per cent, higher at Rs 125.30 per kg, with a turnover of 23 lots.

The metal for delivery in July also up by 45 paise, or 0.36 per cent, to trade at Rs 124.2 per kg, in a business turnover of 524 lots.

Nickel prices moved up by 0.34 per cent to Rs 833.70 per kg in the futures market today as speculators 

enlarged their positions, tracking a firming trend in spot market on increased demand from alloy makers. At the Multi Commodity Exchange, nickel for delivery in August gained Rs 2.80, or 0.34 per cent, to Rs 833.70 per kg in business turnover of 38 lots.

Agro Outlook

                                                     D A I L Y B U Z Z

Cardamom prices fell by 2.16 per cent to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.

Adequate stocks availability in the physical market on increased arrivals from the producing belts also put pressure on the Cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16 per cent, to Rs 670 per kg in business turnover of 88 lots.

Similarly, the spice for delivery in August traded lower by Rs 2, or 0.27 per cent, to Rs 752.20 per kg in 394 lots.

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MCX UPDATE FOR 11/JUNE/2013

Agri Reports:
Oil and Oilseeds Insight: Moderate gains could be noticed in domestic soybean, backed by the anticipation of lower arrivals across the major markets. The IMD has forecast fairly widespread rainfall in the major growing states, mainly Maharashtra and Madhya Pradesh, which could push prices higher today. The anticipation of weakness in the rupee could support gains in prices as soy meal exports could increase. However, investors should be cautious as higher global supplies, mainly from South America could cause lackluster demand for Indian soy meal. In the near-term, we could see corrections in prices as the major importers of Indian soy meal could restrict imports at higher prices.
Spices Insight: 
Commodity                Contract       S2         S1        CLOSE         R1          R2
Turmeric NCDEX        Jul-13       5540      5583         5632        5672        5708
Jeera NCDEX             Jul-13      13243   13278        13318     13367       13411
Chilli NCDEX             Jul-13        5850     5909          5974       6023         6069
Cardamom MCX        Jun-13        676        681         685.4         691           696
Dhaniya NCDEX        Jul-13        6440     6516          6599       6734         6853

Non Agri-Reports:
Metals Insight:
Commodity                    Contract        S2          S1          CLOSE         R1           R2
Copper COMEX              Jun-13       3.219     3.229          3.239        3.245       3.250
Copper LME 3M               Fwd         7116      7141            7168         7192       7213
Copper MCX                   Jun-13      411.3      413.9        416.90        418.5       420.0
Lead LME 3M                   Fwd         2118      2138            2161         2173        2184
Lead MCX                       Jun-13      122.5     123.9         125.50        126.4       127.1
Zinc LME 3M                     Fwd         1863     1874           1887          1896        1905
Zinc MCX                       Jun-13       107.0     107.8         108.60        109.2       109.7
Nickel LME 3M                 Fwd       14763    14824          14890       14972      15045
Nickel MCX                     Jun-13      857.6     862.1           867.1         872.4      877.1
Aluminium LME 3M          Fwd         1914      1919            1925          1932       1940
Aluminium MCX             Jun-13       108.8     109.6          110.4         111.1      111.8
Steel MCX                      Jun-13      27740    27830         27930        28190      28250

Bullion Insight:
Gold: This morning, gold future prices are trading at $1383.60, down 0.10%. The Bank of Japan kept its benchmark rate unchanged and retains its asset purchase program to spur the economic growth. This supported the yen against the dollar and limited the fall in gold prices in the morning. From the euro-zone, UK's industrial production and manufacturing numbers might increase at a slower pace, and should pressurize the pounds against the dollar and weigh down gold prices. During the US hours, it is expected that the NFIB small business optimism should improve on the back of recovery in the US economy while business inventories might stockpile, having a mixed impact on the dollar and gold prices. However, the dollar might appreciate in the evening on the back of concerns that the Fed might scale down the stimulus program from $85 billion to $65 billion, which should pressurize gold prices. At the MCX, we expect a positive opening for non-agri commodities, backed by the depreciation in the rupee against the dollar.Therefore, volatility in the dollar is expected during the US hours. Overall, we recommend remaining on the selling side.

Silver: Silver prices in the morning are trading at $21.81, down 0.50%. From the euro-zone, the UK's industrial production and manufacturing numbers would increase at a slower pace, which should pressurize the pound against the dollar and extend the downside in silver prices. During the US hours, it is expected that the NFIB small business optimism might improve on the back of economic recovery in the US while business inventories might increase, which should have a mixed impact on the dollar. However, the dollar might appreciate in the evening on the back of concerns that the Fed might scale back the stimulus program from $85 billion to $65 billion, which should pressurize silver prices. At the MCX, we expect a positive opening in the non-agri commodities backed by depreciation in the rupee against the dollar. Therefore, we expect some volatility in the dollar during the US hours. Overall, we recommend remaining on the selling side.

Commodity              Contract            S2            S1           CLOSE         R1           R2
Gold Comex              Aug-13         1374.7     1380.0        1386.00     1389.9     1393.5
Gold MCX                 Aug-13          27605      27796           28011       28126      28233
Silver Comex             Jul-13          21.32        21.61             21.93         22.12      22.30
Silver MCX                Jul-13          42753       43415            44162        44557    44924

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MCX Commodity Tips and Updates Today

Precious metals prices are trading a tad higher on COMEX today. We expect a further rise in the prices of precious metals on account of weak economic data from the US which raises hopes of the continuation of the existing loose monetary policy of the Federal Reserve. Buying at dips is recommended for the day.

Industrial metals prices are trading lower on international bourses today. We expect a further decline in the prices of industrial metals on account of a weaker than expected manufacturing data from US and China. Selling on rise is recommended for the day.

Crude oil prices are trading lower on NYMEX today. We expect a further decline in the prices of oil on account of an expectation of higher stocks at major ports. Selling on rise is recommended for the day.

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MCX Gold and Silver Tips, Copper and Crude Updates, NCDEX Tips

Gold prices can trade in range of 28,250-28,500 while silver can trade in range of 56,500-57,200. Gold held steady on Wednesday near its highest level in more than two weeks. Copper may trade in range of 420-428 while lead may remain in range of 101-103.5 and nickel in range of 985-1005. Support for February copper is seen at Rs.412 while resistance is seen at Rs.424. Crude oil can trade in range of 5,150-5,250 in near term.

NCDEX Agri Commodity Market Updates Today 22 Feb 2012:
Pepper futures may trade higher surpassing 32,500 levels as there is positive sign of price increase from cash markets. Turmeric futures may trade range bound holding above 4700 levels. Cardamom futures may remain supportive over 800 levels on bullish sentiments. Jeera futures may continue to shed downside. Chana futures may trade higher on reports of weather concerns.

mcx gold tips, mcx silver tips, copper updates, crude updates, ncdex tips, commodity trading tips, silver live price, gold rate, silver trends, commodities tips

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MCX Trading Tips, NCDEX Live Tips, Intraday Market Updates

Today Bullion metals gold and silver are trading at positive price but Copper, Crude oil and other base metals are trading at negative price. Gold is trading in the range of Rs. 28,100-28,400 and silver is trading in the range of Rs. 56,200-56,450. Copper is trading in the of Rs. 410-420 and Crude oil is trading in the range of Rs. 5000-5100. All base metals are trading on a positive note today. We expect that all are trading same for the day.

Pepper futures to trade lower for the day. Pepper futures hit the upper circuit on good demand amid limited availability of the spice in the local market. Guar Complex is expected to trade higher for the day. Outlook for Soybean is seen down for the day. Outlook for Chana is up for the day. Outlook for Jeera is down for the day. Turmeric futures hit lower circuit amid rising arrivals in the spot markets after the recent surge in prices. Cardamom futures were down on reports of higher production estimates for 2012.

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mcx gold tips, mcx silver tips, copper updates, crude updates for 14 feb 2012

Gold & silver prices may continue to show some weakness. Gold and Silver are trading at negative prices today. Gold is trading in the range of Rs. 27,900-28,200 and Silver is trading in the range of Rs. 56,400-56,700 in today's trading session. Base metals counter may show negative movements tracking weakness in SHFE and LME prices. All base metals are trading at mixed prices today. Support for February copper is seen at Rs.412 while resistance is seen at Rs.424. Crude oil prices may trade with a positive bias tracking firm international prices. Crude oil is trading above Rs. 5000, it is trading in the range of Rs. 4950-5100.

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