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DAILY COMMODITY REPORT 27THDECEMBER 2012
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HEADLINES
Gold demand set to pick up in new year
After a strong performance in July-September period,
gold demand in India is likely to go up in the coming
year on the back of stabilizing prices of the yellow
metal. According to analysts, gold prices is likely to
settle around Rs 29,000 to Rs 32,000 per 10 grams in
the near term due to better economic growth
expectations and expected rate cuts from banks. While
a host of international factors such as the US fiscal cliff
will impact prices of the precious metal, analysts say a
stable domestic environment will ensure less volatility
in gold prices, at least during the first half of the
coming year. "Fiscal cliff is currently the most
important event.
Fitch 2013 outlook stable for base metals in
Latin America
Fitch Ratings Director Jay Djemal said that Latin
American Metals and Mining observed that higher
operating costs remain entrenched. The report said that
“Higher operating costs will continue in 2013 for metals
and mining. Cost pressures will increase for power,
fuel, labor, operating materials, and maintenance.
TRADING TIP:
Sell Nickel Dec
Below 949.50
TGTS-943/935
SL-955.50
Sell Zinc Dec
Below 112
TGTS-111.20/110.50
SL-112.90
PRODUCT NAME
EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE CHANGE
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178 1183.5 1178 -5.5 -0.46
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
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DAILY MARKET STATISTICS
Symbol Expiry Date PCP % Change LTP
Crude Oil 21-Jan-13 4908.00 1.53 4983.00
Nickel 31-Dec-12 950.20 -0.03 949.90
Silver 5-Mar-13 57729.00 -0.45 57472.00
Gold 5-Feb-13 30854.00 -0.51 30698.00
Lead 31-Dec-12 126.45 0.04 126.50
Zinc 31-Dec-12 112.40 0.13 112.55
Copper 28-Feb-13 436.30 0.58 438.85
Aluminium 31-Dec-12 112.30 0.22 112.55
DAILY MCX GOLD CHART
ANALYSIS
OPEN: 30785
HIGH: 30807
LOW: 30661
CLOSE: 30698
GOLD LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
DAILY MCX SILVER CHART
ANALYSIS
OPEN: 57790
HIGH: 57860
LOW: 57270
CLOSE: 57472
SILVER LOOKS UPWARD
TREND: BULLISH
STRATEGY: BUY ON DIPS
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