Daily Commodity Report by www.epicresearch.co 21st January 2014

COMMODITY WRAPUP

GOLD

MCX GOLD February contract was closed at Rs 29034 UP 0.99 percent.

The GOLD rate touched an intraday high of Rs 29390 and an intraday low of Rs 29288. So far 7820 contracts have been

traded. Gold Price is taking support at 28250 trade in range bound all day.

In evening session gold price have cracked the nearest resistance 29350 and made high of 29390

BUY GOLD ABOVE 29350 TGTS 29430/29530 SL 29250

SELL GOLD BELOW 29250 TGTS 29170/29070 SL 29350

SILVER

MCX SILVER march contract was closed at RS 45545 UP 1.23 percent.

The SILVER rate have touched an intraday high of Rs 45265 and an intraday low of Rs 44983. So far 10360 contracts have been

traded. Silver opened at morning with gap down and made day high. In day session silver trade in range-bound and made day high

45265 . After evening Have seen more buying in silver and it will helpful to break the nearest resistance 45280 further silver will

touch level 45550 next trading session.

BUY SILVER ABOVE 45300 TGTS 45500/45800 SL 44950

SELL SILVER BELOW 44950 TGTS 44750/44450 SL 45300

SPECIAL NEWS

MCX Gold futures stayed mired in a tight range to- day. The commodity surged in the global markets,

hitting its six-week highs but the gains were cur- tailed thereafter as the US dollar appreciated. The

overall movement in global asset markets was thin today and gold added little gains in the electronic

moves. The COMEX Gold futures are trading at $1253.90, up 2 dollars per ounce on the day. MCX

Gold futures for February are trading at Rs 29330, up Rs 65 per 10 grams or 0.22% on the day. The open

interest in the counter is up 4.20% .

MCX SILVERMIC February contract was trading at Rs 45193 up Rs 28, or 0.06 percent. The SILVERMIC rate touched an intraday high of Rs 45285 and an in- traday low of Rs 45020. So far 21035 contracts have been traded. SILVERMIC prices have moved up Rs 3193, or 7.60 percent in the February series so far. MCX SILVERMIC April contract was trading at Rs 46204 up Rs 74, or 0.16 percent.

COMMODITY BUZZ

Gold prices extended gains for a second straight day on Monday by adding Rs. 20 to Rs. 30,200 per 10 grams in the national capital on sustained buying by stockists for the marriage season amid firm global cues. Silver followed suit and gained Rs. 50 to Rs. 45,250 per kg on increased offtake by industrial units and coin makers. In Mumbai, gold of 99.9 and 99.5 per cent purity was traded at Rs.30,170 and Rs. 30,020 per 10 grams, while silver en- quired at Rs. 46,000 per kg.

Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.5 per cent to$1,260.07 an ounce, the highest price since December 11. Silver advanced 0.2 per cent to $20.35 an ounce. At the domestic front, gold of 99.9 and 99.5 per cent purity advanced by Rs. 20 each to Rs. 30,200 and Rs. 30,000 per 10 grams, respectively. It had gained Rs. 210 in the previous session. MCX SILVER- MIC June contract was trading at Rs 47150 up Rs 39, or 0.08 percent. The SILVERMIC rate touched an intraday

high of Rs 47253 and an intraday low of Rs 46600.

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