TODAY'S COMMODITY REPORT 23/may/2013

Precious Metals

D A I L Y B U Z Z

Tracking a firm global trend, gold prices rose by Rs 213, or 0.81 per cent, to Rs 26,456 per ten grams in futures trade today as speculators enlarged their positions.


At the Multi Commodity Exchange, gold for delivery in August rose by Rs 213, or 0.81 per cent to Rs 26,456 per ten grams in business turnover of 1,722 lots.


In a similar fashion, the yellow metal for delivery in June moved up by Rs 146, or 0.56 per cent to Rs 26,256 per ten grams in 11,448 lots

Meanwhile, gold rose 0.9 per cent to USD 1,389.26 an ounce in Singapore.

Base Metals & Energy

D A I L Y B U Z Z

Oil was down in Asia on Wednesday as traders waited for the release of the latest energy inventory report from the United States, analysts said.

Weak demand and surging crude stockpiles in the world's biggest economy have put downward pressure on prices and limited gains.


The latest energy inventory report will be released later Wednesday from the United States, where stockpiles have outpaced demand.

An increase in inventory stocks indicates softer demand and normally leads to lower oil prices.

Agro Outlook

D A I L Y B U Z Z

Cardamom prices rose for the third day by gaining Rs 5.60 to Rs 785 per kg in futures trade today as speculators enlarged their positions, tracking a firm trend at spot market.


The spice for delivery in June contract traded higher by Rs 4.60, or 0.61 per cent to Rs 761.30 per kg in 407 lots.


Coriander prices fell by 3 per cent to Rs 6,566 per quintal in futures trading today as speculators trimmed their positions, driven by a weak demand in the spot market against increased supplies.