DAILY COMMODITY MARKET STRATEGY-7 Jan 2015

BULLION

Gold February future is trading lower by 0.2 per cent at $ 1,216.90.Silver March contract has shed around a per cent at $ 16.510.Platinum April delivery is marginally up at $ 1,223.20.

ENERGY

Crude Oil February future is now quoted at $ 47.99 - up 0.15 per cent.Brent Oil February expiry has declined 0.2 per cent at $ 51.05.Natural Gas February future is marginally down at $ 2.945.

The MCX January Crude Oil futures tumbled for the third consecutive day. Yesterday, the Crude Oil contract ended with a significant loss of 4.5 per cent (Rs 146) to Rs 3,069 owing to huge fall in NYMEX Crude Oil market despite upbeat US industry supply data. 

BASE METAL

Copper March future is slightly up by 0.15 per cent at $ 2.768.

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