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Date Created: 12/21/15
I PrateekjRESEARCH VIA 18july COMMODITY NEWS LETTER 2829.12.2014 Precious Metals G O L D S I L V E R D A I L Y B U Z Z GOLD /SILVER Gold prices recoils sharply and ended to a more than one-week high at the domestic bullion market here following agitated buying by jewellery stockists and traders amid durable retail demand ahead of year-end jollity and wedding season. Moving in line with the general trend, silver also bounce to retrace the key Rs 37,000-mark on the back of heavy conjectural buyout. Standard Gold (99.5 purity) shoot up by a whopping Rs 400 to end at Rs 26,915 per 10 grams from Wednesday's ending level of Rs 26,515. Pure gold (99.9 purity) also dive up by the same margin to end at Rs 27,065 per 10 grams, as against Rs 26,665. - Base Metals & Energy CRUDEOIL ZINC D A I L Y B U Z Z ZINC Zinc futures finished lower in the domestic market on Wednesday depart positions in the industrial metal among tepid physical demand for zinc in the domestic spot market. With the year drawing to a end, investors are abstain from undertaking major positions in base metals as they eye further policy easing measures from China, the world’s largest metals consumer, to prod economic growth, following a surprise rate cut in November. A currency calamity in Russia, stagnation in Europe and a Japanese recession has further blacken the demand outlook for zinc. MCX, Zinc futures for December 2014 contract ended at Rs 137.30 per 1 kg, downward by 0.11 per cent after opening at Rs 137.55, against the last ending price of Rs 137.45. It touched the intra day low-laying of Rs 136.85 till the ending. PAGE 2 Agro Outlook MENTHAOIL CHAN D A I L Y B U Z Z CHANA Chana prices advanced by 1.44 per cent to Rs 3,463 per quintal as speculators enlarged positions amid rising domestic demand. Besides, reports of likely decline in crop output this year fuelled the uptrend. At the National Commodity and Derivatives Exchange, chana for delivery in February advanced by Rs 49, or 1.44 per cent, to Rs 3,463 per quintal with an open interest of 40,780 lots. Similarly, the commodity for delivery in January gained Rs 42, or 1.25 per cent, to Rs 3,463 per quintal with an open interest of 40,780 lots. Similarly, the commodity for delivery in January gained Rs 42, or 1.25 per cent, to Rs 3,413 per quintal in 76,560 lots. Analysts said apart from rising demand in spot market, restricted supplies from major producing belts led to the rise in chana prices in futures trade. MENTHAOIL Mentha oil prices rose by 0.72 per cent on Friday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 723.60 per kg, up by 0.72 per cent after opening at Rs. 725.00 against the previous closing price of Rs. 718.40. It touched the intra-day high of Rs. 726.20 till the trading. (At 4.17 PM today). Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh. Market Statistics A M E T A L S & E N E R G Y COMMODITY CLOSING PRICE TREND S2 S1 PIVOT R1 R2 POINT 27052 DOWN 26278 26665 26887 27274 27496 GOLD SILVER 37327 DOWN 35120 36223 36934 38037 38748 3544 DOWN 3391 3467 3599 3675 3807 CRUDE OIL 400.65 DOWN 392.10 396.35 403.50 407.85 415 COPPER NICKEL 965.90 DOWN 932.85 949.40 975.15 991.70 1017.45 191.10 DOWN 169.10 180.10 199.80 210.80 230.50 NATURAL GAS LEAD 117.60 DOWN 115.55 116.60 117.90 118.95 120.25 ZINC 137.20 DOWN 135.50 136.35 137.40 138.25 139.30 116.95 DOWN 114.65 115.80 118 119.20 121.40 ALLUMINIUM AGRO COMMODITIES COMMODITY CLOSING PRICE TREND S2 S1 PIVOT R1 R2 POINT CHANA 3486 UP 3204 3345 3420 3561 3636 SOYA BEAN 3395 UP 3211 3303 3380 3472 3549 JEERA 15010 UP 12960 13985 14550 15575 16140 TURMERIC 8916 UP 7697 8307 8619 9229 9541 RM SEED 4320 UP 4051 4186 4260 4395 4469 SOYA REF OIL 635.30 UP 582.90 609.10 622.20 648.40 661.50 PAGE 4 Disclaimer: All data and reports at Research Via are only information services for subscribers and are not individualized recommendations to buy or sell securities, nor offers to buy or sell securities. 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