Gold and silver futures prices rose on the commodity exchange as prices hit record highs. Gold futures rose 1.26% to a new peak of Rs 30,699 per 10 grams. Silver futures climbed over 2% to Rs 58,350 per kg on positive global cues. The daily report provides an analysis of key commodity price movements and trading strategies. Key recommendations include buying silver above Rs 56,850 and selling gold below Rs 30,280. Charts of gold and silver price movements are also included.

1. e
DAILY COMMODITY REPORT
24TH AUGUST 2012
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2.  HEADLINES
 Gold buyers refrain as prices hit record high:
Benchmark gold futures rose 1.26 per cent on Thursday
to hit a new peak, driving away physical traders seeking
to stock the yellow metal in the middle of the festive
season. The key gold for October delivery on the Multi
Commodity Exchange ( MCX) hit its peak at Rs 30,699
per 10 grams, before trading 1.09 per cent higher at Rs
 TRADING TIPS: 30,646, backed by overseas leads, though a stronger
rupee kept the upside limited.
Buy Silver above
 Silver futures climbs over 2 per cent on global
56850 for targets
cues:
57050/57350 Amid a firming trend in global markets, silver futures
Stop loss 56500 prices today rallied by over 2 per cent to Rs 58,350 per
kg as participants created speculative positions. At the
 PAST Multi Commodity Exchange, silver for delivery in
December spurted by Rs 1,203, or 2.1 per cent, to Rs
PERFORMANCE:
58,350 per kg, with a business turnover of 1,025 lots
Sell Gold below
30280 for targets
30220/30150
Stop loss 30370
Not executed
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3. PRODUCT EXP DATE OPEN HIGH LOW CLOSE LTP CHG PERCENTAGE
NAME CHANGE
 DAILY MCX GAINERS
CHANA 7/19/2012 4556 4573 4525 4560 4532 -28 -0.61
CHILLI 7/19/2012 5060 5060 5018 5120 5018 -102 -1.99
GUR 7/19/2012 1188 1188 1178
Symbol Expiry Date PCP 1183.5 1178 -5.5
% Change -0.46
LTP
JEERA 7/19/2012 14955 14960 14650 15052.5 14800 -252.5 -1.68
CARDAMOM 15-Nov-12 1093.2 3 1126
KAPAS 7/19/2012 1044 1053 1035 1049 1041 -8 -0.76
CARDAMOM 15-Oct-12 1054.4 3 1086
PEPPER 7/19/2012 42300 42555 42250 42390 42435 45 0.11
CARDAMOM 15-Dec-12 1131.2 2.81 1163
REF SOYA 7/19/2012 780.5 783.6 777.4 782.85 781.3 -1.55 -0.2
SILVER 05-Dec-12 57143 2.69 58681
SOY BEAN 7/19/2012 4309 4330 4265.5 4303 4315 12 0.28
SILVERMIC 30-Nov-12 57160 2.68 58694
TURMERIC 7/19/2012 4600 4676 4518 4664 4540 -124 -2.66
SILVER 05-Sep-12 55309 2.66 56782
WHEAT 7/19/2012 1251 1282 1251 1246 1282 36 2.89
SILVERM 30-Nov-12 57168 2.66 58690
SILVERMIC 31-Aug-12 55311 2.66 56780
SILVERM 31-Aug-12 55313 2.66 56782
SILVERM 28-Feb-13 58826 2.57 60337
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4. DAILY MCX LOOSERS
Symbol Expiry Date PCP % Change LTP
NATURALGAS 28-Aug-12 156.1 -2.18 152.7
NATURALGAS 25-Sep-12 159.2 -1.88 156.2
NATURALGAS 26-Oct-12 169.2 -1.3 167
POTATO 15-Mar-13 795.5 -1.19 786
CRUDEOIL 21-Jan-13 5515 -1.18 5450
CRUDEOIL 19-Feb-13 5546 -1.1 5485
CRUDEOIL 18-Dec-12 5489 -1.07 5430
CRUDEOIL 15-Nov-12 5438 -0.81 5394
CRUDEOIL 19-Sep-12 5368 -0.8 5325
CRUDEOIL 19-Oct-12 5403 -0.78 5361

5.  DAILY MCX GOLD CHART
ANALYSIS
OPEN: 30370
HIGH: 30840
LOW: 30370
CLOSE: 30803
GOLD LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS

6.  DAILY MCX SILVER CHART
ANALYSIS
OPEN: 55425
HIGH: 57180
LOW: 55425
CLOSE: 56778
SILVER LOOKS UPWARDS
TREND: BULLISH
STRATEGY: BUY ON DIPS
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