REVIA MCX: BUY ZINC ABOVE 127.70 TGTS 128.10/128.80/129.80 SL 127.20 (9977785000) WWW.RESEARCHVIA.COM


REVIA MCX: BUY SILVER MAY ABOVE 47900 TGTS 48050/48300/48650 SL 47750 (9977785000) WWW.RESEARCHVIA.COM



Commodity Market Update News 15 May 2013

Gold prices fell by Rs 326 to Rs 26,929 per 10 gm in futures trade today as speculators trimmed their positions, tracking a weak global trend. However, token buying by retailers in the spot markets on The auspicious occasion of "Akshya Tritya" restricted the losses.At the Multi Commodity Exchange, gold for delivery in August fell by Rs 326, or 1.20 per cent, to Rs 26,929 per 10 gm in business turnover of 973 lots. 
Similarly, the yellow metal for delivery in the Junecontract lost Rs 296, or 1.10 per cent, to Rs 26,703 per 10 gm in 22,500 lots.racking a weak global trend, silver prices traded lower by 0.76 per cent to Rs 44,940 per kg in futures trade today as speculators offloaded their positions. At the Multi Commodity Exchange, silver for delivery in July fell by Rs 346, or 0.76 per cent, to Rs 44,940 per kg in business turnover of 17,291 lots. 
Similarly, the white metal for delivery in September contract declined by Rs 335, or 0.73 per cent, to Rs 45,608 per kg in 469 lots.

Commodity Market Update News 13 May 2013

Gold dropped 2.5 percent to a two-week low on Friday, on track for its biggest one-day drop since mid-April, as a breach of key chart levels prompted heavy selling of U.S. futures, already pressured by a stronger dollar. Traders said sell stops - automatic sale orders placed by traders at pre-set levels to limit losses.
were triggered as the metal broke support at $1,445 and $1,440 an ounce, prompting a sharp move down to session lows at $1,428.40 an ounce. Spot gold fell as low as $1,420.60 an ounce and was down 2.4 percent at $1,422.75 an ounce at 1435 GMT, while U.S. gold futures for June delivery were down 3.2 percent at $1,422.
 The metal plunged to $1,321.35 an ounce on April 16, its lowest in more than two years, after similar stop-sell orders below $1,525 triggered heavy liquidation. The dollar hit a 4-1/2 year high against the yen and was also at a two-week low against a basket of currencies. In other markets, European shares hit five-year highs and U.S. crude fell 2.4 percent.


                                                            D A I L Y  B U Z Z

Gold prices fell further by Rs 85 to Rs 27,565 per 10 gm in the national capital on Wednesday 
on sluggish demand at current levels amid a weak global trend.

However, silver found scattered buying support from industrial units and recovered by Rs 400 
to Rs 45,700 per kg.

Traders said sluggish demand at current levels and a weak global trend mainly kept pressure on gold prices.

Gold in New York, which normally set price trend on the domestic front, fell by $ 17.70 to $ 
1452.60 an ounce.

On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 85 each to Rs 27,565 and 
Rs 27,365 per 10 gm, respectively. It had lost Rs 220 yesterday. Sovereign also lost Rs 100 at Rs 23,900 per piece of eight gram.

On the other hand, silver ready recovered by Rs 400 to Rs 45,700 per kg and weekly-based 
delivery by Rs 235 to Rs 44,865 per kg. The white metal had lost Rs 900 in the previous

Meanwhile, silver coins lacked necessary buying support and dropped by Rs 1,000 to Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Base Metals & Energy
                                                         D A I L Y  B U Z Z

Oil was mixed in Asian trade Wednesday after China recorded a trade surplus, appe aring to 
allay concerns about faltering demand in the world's second largest economy and biggest 
energy user.

New York's main contract, light sweet crude for delivery in June, turned higher in the 
afternoon, gaining six cents to $95.68 a barrel, while Brent North Sea crude for June delivery 
shed 13 cents to $104.27.

China swung back to a trade surplus of $18.2 billion in April after posting a rare deficit the 
previous month, official data showed Wednesday.

April imports increased 16.8 percent year-on-year to $168.9 billion, Customs said, while 
exports rose 14.7 per cent to $187.1 billion. In March, the country had posted a deficit of $880 

Further short-term gains in oil prices will however be curbed by concerns over burgeoning US 
crude stockpiles, Teoh added. The US Department of Energy releases its weekly inventory 
report later Wednesday. Analysts polled by Dow Jones Newswires projected an increase of 1.4 
million barrels in the week ended May 3.

Agro Outlook
                                                         D A I L Y  B U Z Z

Cardamom prices rose by Rs 2.70 to Rs 758.70 per kg in futures trade on Tuesday as speculators indulged in creating fresh posit ions, supported by a rise in demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, cardamom for delivery in May rose by Rs 2.70, or 0.36 per 
cent, to Rs 758.70 per kg in business turnover of 1147 lots.

In restricted activity, pepper prices gained 0.82 per cent to Rs 36,350 per quintal in futures trading on

Tuesday as speculators created fresh positions driven by restricted supplies from Kerala amid depleting stocks.

At the National Commodity and Derivatives Exchange, pepper for delivery in May spurted by Rs 295, or 0.82 per cent, to Rs 36,350 per quintal with an open interest of 428 lots.

Turmeric fell by Rs 146 to Rs 6,032 per quintal in futures market on Tuesday after participants trimmed their positions weighed by weak exports and increased supplies.

At the National Commodity and Derivatives Exchange, turmeric for the most-active June delivery contracts fell by Rs 146, or 2.36 per cent, to Rs 6,032 per quintal with an open interest of 29,145 lots.

Likewise, the spice for delivery in May shed Rs 92, or 1.52 per cent, to Rs 5,980 per quintal in 2,225 lots.


Gold prices took a dramatic U-turn on Monday, reversing early gains to drop to a two-year trough after bullion futures fell on fears about central bank sales and holdings on funds sank to their lowest in more than a year. 
A dip below the psychological $1,500 an ounce level initially sparked bargain hunting, but stoploss selling took over after oil futures slipped and as investors bet the US Federal Reserve would soon end its bullion-friendly bond buying programme.
Gold hit an intraday high at $1,495.16 an ounce, but then plunged to $1,427.14, its lowest since 
April 2011. It stood at $1,441.69 by 0335 GMT, down $36.66, and the metal has slipped around 14 per cent so far this year, after rising for the last 12 years. US futures for June delivery extended losses to fall more than 5 per cent as Tokyo gold futures tumbled around 8 per cent, marking Japanese futures biggest daily fall since September 2011.Other precious metals were also hit by heavy selling, with silver falling to its lowest since