I Prateekj16 18july

RESEARCH VIA

DAILY COMMODITY REPORT

2823.04.2013

Precious Metals
G

SILVER

GOLD

D A I L Y

B U Z Z

Gold prices today rose by Rs 300 to trade at Rs 27,400 per ten grams here on increased demand amid firming global trends. MCX Silver also snapped its six-day falling trend and recovered by Rs 500 to Rs 45,800 per kg on increased offtake by industrial units and coin makers. Sentiment bolstered as stockists and retailers purchased Gold at existing lower levels due to the prevailing marriage season, after the recent steep fall. Gold in London, which normally sets price trend on the domestic front, rose 1.3 per cent to $1,422.56 an ounce and silver by 0.5 per cent to USD 23.36 an ounce. On the domestic front, gold of 99.9 and 99.5 per cent purity shot up by Rs 300 each to Rs 27,400 and Rs 27,200 per ten grams, respectively. Before the current Rs 750 gain in the last two days, gold had tumbled Rs 3,250 in last week. Silver ready recovered by Rs 500 to Rs 45,800 per kg and weekly-based delivery by Rs 370 to Rs 43,670 per kg. The white metal had lost Rs 7,300 in the previous six sessions.

Base Metals & Energy

-

COPPER

CRUDE OIL

D A I L Y

B U Z Z

Lead futures prices today rose by 0.59 per cent, to Rs 110.70 per kg on rising spot demand. Further, metal's strength at the London Metal Exchange also helped lead to trade hogher. At the Multi Commodity Exchange, lead for delivery in May traded 65 paise, or 0.59 per cent, higher at Rs 110.70 per kg, with a turnover of 308 lots. The metal for delivery in April also rose by 60 paise, or 0.55 per cent, to trade at Rs 109.65 per kg, in a business turnover of 4,558 lots. Globally, lead gained 0.9 per cent to USD 2,038 per tonne on the London Metal Exchange (LME).
Amid weak global cues on demand concern, copper prices fell by 0.65 per cent to Rs 380.15 per kg in futures trade today on speculators reducing their positions. At the Multi Commodity Exchange, copper for delivery in June traded Rs 2.50, or 0.65 per cent, to Rs 380.15 per kg in business turnover of 1,190 lots. Similarly, the metal for delivery in April down by Rs 2.30, or 0.61 per cent, to Rs 373.95 per kg in 8,584 lots.

PAGE 2

Agro Outlook
CHANA DHANIYA

DHANIYA

D A I L Y

B U Z Z

Coriander prices moved up by 1.97 per cent to Rs 7,130 per quintal in futures trading today as speculators enlarged their positions, triggered by a firm trend at spot market. At the National Commodity and Derivative Exchange , coriander for delivery in June moved up by Rs 138, or 1.97 per cent, to Rs 7,130 per quintal with an open interest of 12,800 lots. Likewise, the spice for delivery in the May contract gained Rs 117, or 1.70 per cent, to Rs 6,980 per quintal in 31,420 lots.
Supported by a rise in demand in the spot market against restricted arrivals from producing belts, cardamom prices rose by Rs 11.10 to Rs 779.10 per kg in futures trade today as speculators created fresh positions. At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 11.10, or 1.45 per cent, to Rs 779.10 per kg in business turnover of 1,346 lots. Similarly, the spice for delivery in June contracts traded higher by Rs 5, or 0.64 per cent, to Rs 785 per kg in 247 lots.

Market Statistics
M ETALS & ENERGY
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2

GOLD SILVER CRUDE OIL COPPER NICKEL NATURAL GAS LEAD ZINC ALLUMINIUM
COMMODITY

26363 43687 4834 375.00 827.20 231.00 108.10 100.30 101.35

CLOSING PRICE

UP UP UP DOWN DOWN DOWN DOWN DOWN DOWN

TREND

26005 43085 4743 365.60 808.73 227.67 106.70 98.93 99.62

S2

26184 43386 4788 370.30 817.97 229.33 107.40 99.62 100.48

S1

26363 43728 4821 373.05 824.33 232.37 108.60 100.23 100.97

PIVOT POINT

26542 44029 4866 377.75 833.57 234.03 109.30 100.92 101.83

R1

26721 44371 4899 380.50 839.93 237.07 110.50 101.53 102.32

R2

CHANA SOYA BEAN JEERA PEPPER TURMERIC RM SEED SOYA REF OIL
Country
EUR USD

3565 3855 13110 35300 6526 3467 701.40 Data/Event

German Flash Manufacturing PMI New Home Sales

UP DOWN DOWN DOWN UP DOWN UP

3534 3746 12973 34780 6258 3430 693.73 Previous

49.0 411K

3550 3800 13042 35040 6392 3449 697.57

3572 3835 13121 35310 6536 3470 701.53

3588 3889 13189 35570 6670 3489 705.37

3610 3924 13268 35840 6814 3510 709.33

Forecast
49.0 419K

Time of Release (IST)

1.00 P.M 7.30 P.M

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