Friday, August 16, 2013

REVIA MCX: SELL GOLD BELOW 30270 TGTS 30200/30050/29800 SL 30350


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 fell marginally by 0.10 per cent to Rs 28,795 per 10 grams as
speculators offloaded their positions, taking weak cues from the Asian region. Besides, profitbooking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 35, or 0.10 
per cent, to Rs 28,795 per 10 grams in business turnover of 52 lots. 

Similarly, metal prices for delivery in October declined by Rs 37, or 0.09 per cent, to Rs 28,845 
per 10 grams in 1,372 lots.

Taking weak cues from the global market and profit-booking by speculators, silver futures 
prices today fell by 0.24 per cent to Rs 46,156 per kg. 

At the Multi Commodity Exchange, silver prices for delivery in September fell by Rs 112, or 0.24 per cent, to Rs 46,156 per kg in business turnover of 1,551 lots.

Similarly, the white metal prices for delivery in December shed Rs 100, or 0.21 per cent, at Rs 
47,402 per kg in 75 lots. Meanwhile, silver shed 0.23 per cent to $21.41 an ounce in 
Singapore today.

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Agro Outlook
CHANA     DHANIYA
                                                             D A I L Y B U Z Z
Cardamom prices fell by 3.99 per cent to Rs 745.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market. Adequate stocks in the physical market also put pressure on the cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in September declined by Rs 31, or 
3.99 per cent, to Rs 745.50 per kg in business turnover of 3,226 lots.

Likewise, the spice for delivery in the October contract shed Rs 13.90, or 1.73 per cent, to Rs 
775.40 per kg with trading volume of 816 lots.

Market analysts said profit-booking by speculators at prevailing higher levels and subdued 
demand in the spot market against adequate stocks position mainly kept pressure on the 
cardamom prices at futures trade.







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