DAILY COMMODITY MCX REPORT 3/july/2014

Precious Metals

DAILY BUZZ

SILVER

Silver prices fell 0.20 per cent to Rs 44,800 per kg in futures trade today as speculators reduced exposures on a weak trend in the precious metals overseas.

At the Multi Commodity Exchange, silver for delivery in September fell by Rs 90, or 0.20 per cent, to Rs 44,800 per kg in a business turnover of 2,373 lots.

Similarly, the white metal for delivery in current month was down by Rs 8, or 0.02 per cent, to Rs 44,290 per kg in a business volume of 137 lots.

Market analysts said a subdued trend overseas due to the recent rally in precious metals has dampened physical demand and led to a fall in silver prices at futures trade here.

In the international market, silver fell 4 cents to USD 20.99 an ounce in Singapore.

Base Metals & Energy

DAILY BUZZ

CRUDE OIL

Crude oil futures rose by 0.62 per cent to Rs 6,340 per barrel today as speculators created fresh positions amid a mixed trend in Asia.

At the Multi Commodity Exchange, crude oil for delivery in July traded higher by Rs 39, or 0.62 per cent, to Rs 6,340 per barrel, with a business turnover of 2,603 lots.

The oil for delivery in August also moved up by Rs 37, or 0.59 per cent, to Rs 6,337 per barrel, with a business volume of 145 lots.

COPPER

Copper futures fell 0.25 per cent to Rs 432 per kg today as speculators trimmed their positions amidst a weak trend in global markets.

Besides, rising stockpiles of the metal, monitored by the London Metal Exchange (LME) in Asia, also put pressure on prices.

At the Multi Commodity Exchange, copper for delivery in far-month November declined by Rs 1.10, or 0.25 per cent, to Rs 432 per kg in a business turnover of five lots. The metal for delivery in August fell by Re 1, or 0.22 per cent, to Rs 426.70 per kg in a business volume of 409 lots. 

Register yourself for free Comex Tips , Equity Tips , Free Nifty Tips, Nifty Option Tips, Stock Option Tips, Stock Options Tips, Nifty Options Tips , Share Tips , Free Ncdex Tips , Free Mcx Tips , Free Commodity Tips, Domestic Forex Tips , Nifty Options Calls , Mcx Bullion Tips , Bank Nifty Tips , Mcx Gold Tips , Mcx Crude Tips , Comex Silver Trading Tips .  

Click here to get free trial http://www.researchvia.com/free-trials/ or reply your no. along with your trading segment.