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Tuesday, July 15, 2014

TODAY'S COMMODITY MCX REPORT FROM RESEARCH VIA

Precious Metals

DAILY BUZZ
SILVER
Silver prices fell by 0.74 per cent to Rs 45,727 per kg in futures trade today amidst profit-booking by speculators and a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 341, or 0.74 per cent, to Rs 45,727 per kg in a business turnover of 753 lots.
Similarly, the white metal for delivery in December declined by Rs 356, or 0.72 per cent, to Rs 46,581 per kg in a business volume of 33 lots.
In the international market, silver traded lower at USD 21.43 an ounce in Singapore from USD 21.44 on July 11.
Market analysts said apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here. 

Base Metals & Energy 

DAILY BUZZ

COPPER
Copper futures fell 0.15 per cent to Rs 442.30 per kg today as speculators trimmed positions to book profits amidst a weak trend in global markets.
At the Multi Commodity Exchange, copper for delivery in November declined by 65 paise, or 0.15 per cent, to Rs 442.30 per kg in a business turnover of 41 lots.
The metal for delivery in August shed 50 paise, or 0.11 per cent, to Rs 436.05 per kg in a business volume of 540 lots.
NICKEL
Nickel prices eased by 0.11 per cent to Rs 1,169.10 per kg in futures trade today amid a weakening trend at the London Metal Exchange and sluggish demand from alloy-makers in the domestic spot market.
At the Multi Commodity Exchange, nickel for delivery in August shed Rs 1.30, or 0.11 per cent, to Rs 1,169.10 per kg in a business turnover of 31 lots.
The metal for delivery in July also fell by Rs 1.20, or 0.10 per cent, to Rs 1,162.50 per kg in a turnover of 483 lots.

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