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RESEARCH VIA
2822.07.2013
Precious Metals
SILVER GOLD
D A I L Y
B U Z Z
Gold prices rebounded at the bullion market here today on sustained demand from stockists and traders coupled with good local buying interest supported by higher global cues. Silver remained bearish and weakened further owing to speculative sell-off. Standard mcx gold of 99.5 per cent purity rose by Rs 145 to close at Rs 26,795 per 10 gm from Thursday's closing level of Rs 26,650. Pure gold of 99.9 per cent purity shot up by Rs 135 to finish at Rs 26,925 per 10 gm from Rs 26,790. However, mcx silver ready (.999 fineness) fell by Rs 50 to end at Rs 40,940 per kg as compared to Rs 40,990 previously. In overseas market, gold moved up further on lower dollar and last week's US Federal Reserve assurances about its stimulus measures. In London, spot gold bid higher at USD 1,286.35 an - ounce in early trade, while silver was unchanged at USD 19.33 an ounce.
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D A I L Y
B U Z Z
Nickel prices moved up by 0.12 per cent to Rs 835.80 per kg in the futures market today as speculators enlarged their positions, tracking a firming trend overseas amid spot demand. At the Multi Commodity Exchange, nickel for delivery in July gained Rs 1.10, or 0.12 per cent, to Rs 835.80 per kg in business turnover of 1,835 lots. The metal for delivery in August rose by Rs 1.20, or 0.11 per cent, to trade at Rs 842.50 per kg in 228 lots. Market analysts said apart from increased domestic demand from alloy-makers, firmness in base metals overseas following a Federal Reserve report showed a bigger-than-expected gain in regional US manufacturing, signalling improved demand prospects for the metals, helped nickel futures to trade higher. Globally, nickel advanced 0.2 per cent to USD 14,000 a tonne.
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Agro Outlook
CHANA DHANIYA
D A I L Y
B U Z Z
Cardamom futures fell by 1.28 per cent to Rs 745.30 per kg today as speculators reduced their positions on weak cues from spot markets. Adequate stocks availability in physical markets on account of higher supply from producing belts put pressure on cardamom prices in futures trade, analysts said. At the Multi Commodity Exchange, cardamom for delivery in August declined by Rs 9.70, or 1.28 per cent, to Rs 745.30 per kg in business turnover of 1,752 lots. Similarly, the spice for delivery in September traded lower by Rs 7.70, or 0.98 per cent, to Rs 776.10 per kg in 227 lots.
Coriander futures prices gained 2.51 per cent to Rs 6,035 per quintal today as speculators enlarged their positions, supported by pick-up in spot demand. The trading sentiment improved further due to limited stocks position on restricted arrivals from the major growing belts. At the National Commodity and Derivative Exchange, coriander for July gained Rs 148, or 2.51 per cent, to Rs 6,035 per quintal, with an open interest of 470 lots. Similarly, the spice for delivery in August traded higher by Rs 91, or 1.53 per cent, to Rs 6,044 per quintal, with an open interest of 24,200 lots.
Market Statistics
METALS & ENERGY
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2
GOLD SILVER CRUDE OIL COPPER NICKEL NATURAL GAS LEAD ZINC ALLUMINIUM
UP UP UP UP UP DOWN UP UP UP
AGRO COMMODITIES
COMMODITY CLOSING PRICE TREND S2 S1 PIVOT POINT R1 R2
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