DAILY COMMODITY REPORT 23ND JANUARY 2013

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 HEADLINES

Inflation, not duty, to cut gold imports 10%. The governments decision to increase the customs duty on gold from 4% to 6% is expected to result in a slight moderation in investment demand, estimated at

TRADING TIP:

roughly 30% of the imports in FY12 of 891 tonnes, for the precious metal. While some part of the investment demand could have been affected by the previous increase in customs duty to 4% from 2%, the reduction in investment demand for gold could be 70-100 tonnes by the end of FY14, experts say. Copper Drops From One-Week High on Record Production in China. Copper declined from the highest level in more than a week as Chinas output of the refined metal climbed to

Buy Lead Jan Above 125.70 TGTS-126.40/127 SL-125.10

Buy Crude Oil Feb Above 5210 TGTS-5240/5270 SL- 5180

a record. Metal for delivery in three months dropped as much as 0.4 percent to $8,099.75 a metric ton on the London Metal Exchange before trading at $8,106 at 9:56 a.m. Shanghai time. It climbed to $8,144.50 yesterday, the highest since Jan. 11. Futures for delivery in May on the Shanghai Futures Exchange lost 0.3 percent to 58,730 yuan ($9,446) a ton.

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PRODUCT NAME

EXP DATE

OPEN

HIGH

LOW

CLOSE

LTP

CHG

PERCENTAGE CHANGE

CHANA CHILLI GUR JEERA

7/19/2012 7/19/2012 7/19/2012 7/19/2012 7/19/2012

4556 5060 1188 14955 1044

4573 5060 1188 14960 1053

4525 5018 1178 14650 1035

4560 5120

4532 5018 1178 14800 1041 0.87 42435 0.29 781.3 4315 0.31 4540 0.05 1282 1.50

-28 -102 -5.5 -252.5 -8 45 -1.55 12 -124 36

-0.61 -1.99 -0.46 -1.68 -0.76 5202.00 0.11 935.40 -0.2 0.28 59617.00 -2.66 30772.00 2.89 125.00

DAILY MARKET STATISTICS

1183.5 15052.5 1049

Symbol

Expiry Date

PCP

% Change

LTP

KAPAS

Crude Oil PEPPER 7/19/2012 Nickel REF SOYA 7/19/2012 SOY BEAN Silver 7/19/2012 TURMERIC 7/19/2012 Gold WHEAT Lead 7/19/2012

19-Feb-13 42300 42555 31-Jan-13 780.5 783.6 4309 5-Mar-13 4330 4600 4676 5-Feb-13 1251 31-Jan-13 1282

5157.00 42250 42390 932.70 777.4 782.85 4265.5 59432.00 4303 4518 4664 30757.00 1251 123.15 1246

Zinc

31-Jan-13

108.55

1.34

110.00

Copper

28-Feb-13

436.30

0.89

440.20

Aluminium

31-Jan-13

108.05

1.30

109.45

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 DAILY MCX GOLD CHART

ANALYSIS
OPEN: 30720 HIGH: 30818 LOW: 30715 CLOSE: 30772

GOLD LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

 DAILY MCX SILVER CHART

ANALYSIS
OPEN: 59396 HIGH: 59720 LOW: 59217 CLOSE: 59617

SILVER LOOKS SIDEWAYS TREND: CONSOLIDATE STRATEGY: BUY ON DIPS

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