DAILY COMMODITY MARKET STRATEGY-3 Jun 2015

BULLION

Gold August future has added 0.2 percent at $ 1,190.90.Silver July delivery has pared gains, and is now flat at $ 16.688.Platinum July contract has advanced 0.5 percent at $ 1,109.95.

price of MCX Gold is quoted at Rs 27,172 - up Rs 30. The MCX counter has registered trades of around 602 lots and the open interest has increased by 228-odd lots at 9,040 lots.

MCX Silver July future so far has hit an intra-day high and an intra-day low at Rs 38,460 and Rs 38,380, respectively.Now, the Silver price in India is trading on a flat note at Rs 38,451 - up mere Rs 4.

ENERGY

Crude Oil July expiry has jumped 1.3 percent at $ 60.98.Brent Oil future continues to trade with a gain of almost a percent at $ 65.46.Natural Gas July expiry has declined 0.4 percent at $ 2.640.Energy futures have touched an intra-day low at Rs 3,893 and a high at Rs 3,901.Now, MCX Crude Oil June futures are down 0.5 percent (Rs 21) at Rs 3,897.

BASE METAL

Copper July delivery is now trading on a soft note at $ 2.721.Copper tested a high of Rs 388.05 per kg. The total volumes were 22840 lots on 1 June 2015 against 22840 lots on 2 June 2015. Open interest gained to 14395 on 2 June 2015 against 15222 a day before.

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