Gold scaled higher on Friday, further off a four-month low, as the dollar tumbled against the euro on signs of progress in Greece's efforts to secure fresh funding. Spot gold was up 0.2 percent at $1,161.88 an ounce by 1029 GMT.

2. ✍ MCX DAILY LEVELS
DAILY EXPIRY DATE R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 31 JUL 2015 111 109 107 106 105 104 103 101 99
COPPER 31 AUG 2015 377 369 361 356 353 348 345 337 329
CRUDE OIL 20 JUL 2015 3403 3340 3277 3241 3214 3178 3151 3088 3026
GOLD 05 AUG 2015 2645
2
26157 25862 25673 25567 25378 25272 24977 24682
LEAD 31 JUL 2015 118 117 116 115 115 114 113 112 111
NATURAL GAS 28 JUL 2015 193 189 185 183 181 179 177 173 169
NICKEL 31 JUL 2015 762 751 740 733 729 722 718 707 696
SILVER 04 SEP 2015 3553
6
35117 34698 34437 34279 34018 33860 33441 33022
ZINC 31 JUL 2015
136
134 132 131 130 129 128 126 124
✍ MCX WEEKLY LEVELS
WEEKLY EXPIRY R4 R3 R2 R1 PP S1 S2 S3 S4
ALUMINIUM 31 JUL 2015 112 110 108 106 105 104 103 102 98
COPPER 31 AUG 2015 393 380 367 359 354 346 341 328 315
CRUDE OIL 20 JUL 2015 3866 3664 3462 3334 3260 3132 3058 2856 2654
GOLD 05 AUG 2015 27649 26995 26341 25913 25687 25259 25033 24379 23725
LEAD 31 JUL 2015 136 129 122 118 115 111 108 101 94
NATURAL GAS 28 JUL 2015 208 199 190 185 181 176 172 163 154
NICKEL 31 JUL 2015 901 842 783 755 724 696 665 606 547
SILVER 04 SEP 2015 39553 37929 36305 35241 34681 33617 33057 31433 29809
ZINC 31 JUL 2015 154 146 138 134 130 126 122 114 106

3. ✍ NCDEX DAILY LEVELS
DAILY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 AUG 2015 584 577 570 566 563 559 556 549 542
SYBEANIDR 20 AUG 2015 3676 3615 3554 3518 3493 3457 3432 3371 3310
RMSEED 20 AUG 2015 4402 4347 4292 4264 4237 4209 4182 4127 4072
JEERAUNJHA 20 AUG 2015 16973 16643 16313 16106 15983 15776 15653 15323 14993
CHANA 20 AUG 2015 4830 4755 4680 4637 4605 4562 4530 4455 4380
CASTORSEED 20 AUG 2015 4156 4111 4066 4040 4021 3995 3976 3931 3886
✍ NCDEX WEEKLY LEVELS
WEEKLY EXPIRY
DATE
R4 R3 R2 R1 PP S1 S2 S3 S4
SYOREFIDR 20 AUG 2015 601 589 577 570 565 558 553 541 529
SYBEANIDR 20 AUG 2015 4087 3901 3715 3598 3529 3412 3343 3157 2971
RMSEED 20 AUG 2015 4638 4509 4380 4308 4251 4179 4122 3993 3864
JEERAUNJHA 20 AUG 2015 18273 17553 16833 16366 16113 15646 15393 14673 13953
CHANA 20 AUG 2015 5171 4368 4765 4679 4562 4476 4359 4156 3953
CASTORSEED 20 AUG 2015 4227 4160 4093 4053 4026 3986 3959 3892 3825

4. MCX - WEEKLY NEWS LETTERS
INTERNATIONAL NEWS
✍ BULLION
Gold scaled higher on Friday, further off a four-month low, as the dollar tumbled against the
euro on signs of progress in Greece's efforts to secure fresh funding. Spot gold was up 0.2 per
cent at $1,161.88 an ounce by 1029 GMT. Prices touched $1,146.75 on Wednesday, their
lowest since March 18, when the dollar was boosted by weakness in the euro on Greece and the
tumble in Chinese stock markets.
US gold for August delivery gained 0.2 per cent at $1,161.70 an ounce. The euro climbed 1.2
per cent against the dollar, making dollar-denominated assets such as gold cheaper for buyers
using other currencies. "Gold is getting some support from the stronger euro but if we get a deal
with Greece on Sunday, it should be bearish for gold because it removes any risk," Societe
Generale analyst Robin Bhar said. "The major driver is the U.S. because we have Yellen
speaking today and markets will be watching that for any clues about the rate hike." Federal
Reserve Chair Janet Yellen will speak on Friday on the U.S. economic outlook at 1630 GMT.
"No doubt, gold has been a profound disappointment for the bulls over the past few months ...to
see repeated rallies fizzle," INTL FCStone analyst Edward Meir wrote.
Physical demand remained tepid this week as prospective investors in China chased bargains in
equities after a market rout, while those in India delayed purchases. The metal in India was still
sold at a discount to the global benchmark. Chinese stocks rose sharply for a second day on
Friday after Beijing moved to arrest a rout that pulled down key indexes by around 30 per cent
from mid-June, banning shareholders with large stakes in listed firms from selling. Also aiding
gold, the International Monetary Fund trimmed its forecast for global economic growth this
year to 3.3 per cent from a previous estimate of 3.5 per cent, citing recent weakness in the
United States.
Silver was up 0.5 per cent at $15.44 an ounce, palladium rose 1.7 per cent to $648.50 an ounce
and platinum gained 1.4 per cent to $1,032.50 an ounce
✍ Gold
Gold slipped towards the four-month low on Thursday as the Federal Reserve's reiteration that
US interest rateswere likely to rise this year pushed the dollar index to a six-week high.A rally
in European shares after the Greek parliament passed the austerity measures demanded by its
lenders to open talks on a multi-billion euro bailout also diverted some attention from gold.Spot
goldwas down 0.3 per cent at $1,146.00 an ounce at 0930 GMT, while US gold futures for
August delivery were down $2.70 an ounce at $1,144.70.
Spot prices fell to their lowest since mid-March on Tuesday at $1,143.43 after Federal
Reservechair Janet Yellen confirmed in a statement that the Fed will likely hike interest rates

5. later this year if the US economy expands as expected.Gold is sensitive to rising rates, which
lift the opportunity cost of holding non-yielding bullion, while benefiting the dollar.
"Wednesday's comments from Fed Chair Yellen, citing the likelihood of a 2015 rate rise, helped
prop up the dollar and led to a slide in gold which retraced to its year-to-date lows," Mitsubishi
analyst Jonathan Butler said.
"Gold is now trading below the long-term basing uptrend made up of the November and March
lows, with further downside in prospect if the dollar gains further, or Treasury yields rise." The
Fed has indicated that the timing of a rate rise will depend on economic data. There was more
evidence on Wednesday of growth improving, with industrial production rebounding last month
and factory activity in New York state picking up in July.
The dollar hit a six-week high versus a basket of currencies as fading concerns over Greece
shifted the focus back to the outlook for yield differentials in different economies.Premiums for
physical gold on the Shanghai Gold Exchange picked up slightly to $2-$4 an ounce over spot,
although analysts say a slowing economy could cap demand from China, the world's top gold
consumer.
✍ Silver
Tracking a weak global trend, silverfutures on Thursday dropped 0.28 per cent to Rs 35,384 per
kg.At the Multi Commodity Exchange, silver for delivery in December drifted by Rs 100, or
0.28 per cent, to Rs 35,384 per kg in a business turnover of 14 lots.A weak global trend
overseas following US Fed's indication of a hike in interest rate this year, pulled down silver
prices at futures trade here.Meanwhile, silver was little changed at USD 15.10 an ounce in
Singapore today after slumping 1.8 per cent yesterday.
✍ Nickel
Taking weak cues from global market and muted demand at the domestic spot market,
nickelpricesdropped 0.58% to Rs 739.30 per kg in futures trade on friday as traders trimmed
their bets.At Multi Commodity Exchange, nickel for delivery in August was trading Rs 4.30, or
0.58%, down at Rs 739.30 per kg in a business turnover of 139 lots.The metal for delivery this
month also shed Rs 3.90, or 0.53%, to Rs 732.20 per kg in a turnover of 1,317 lots.Analysts
said the fall in nickel prices in futures trade is mostly attributed to a weakening trend in base
metal at the London Metal Exchange (LME) and easing demand from alloy-makers at the
domestic spot market.Globally, the metal used in stainless steel retreated 0.9% to $11,525 per
tonne at LME.
✍ Zinc
Zincfutures edged up 0.15% to Rs 133.05 per kg on Thursday as speculators created positions
amid a rising trend in base metals overseas and better domestic demand.At the Multi

6. Commodity Exchange, zinc for delivery in July was up 20 paise, or 0.15%, to Rs 132.35 per
kg, with a business turnover of 679 lots.The metal for delivery in August also rose a similar
margin to trade at Rs 133.05 per kg, with a business turnover of 19 lots.Strength in metal at the
London Metal Exchange (LME) after data showing global usage exceeded production in May
drove the upside in zinc prices.Globally, zinc for delivery in three months increased as much as
0.8% to trade at nearly 1-month high of $2,093 per tonne at LME.
✍ Aluminium
Taking positive cues from global market and strong demand at domestic spot markets,
aluminiumpricesedged up 0.38% to Rs 106.65 per kg in futures trade on Wednesday as
participants enlarged positions.Apart from increased domestic demand, a firming global trend
as Chinese economic data came in ahead of estimates, boosting demand prospects in the
world's biggest consumer of base metals, helped aluminium futures to trade higher.At the Multi
Commodity Exchange, aluminium for delivery this month inched up by 40 paise, or 0.38%, to
Rs 106.65 per kg in a business turnover of 112 lots.Likewise, the metal for delivery in August
traded higher by 30 paise, or 0.28%, to Rs 108.35 per kg in five lots.
✍ Crude Oil
Oil prices edged up on Friday but further gains are unlikely, owing to ongoing concerns about a
global supply glut, while increasing dollar strength will also likely weigh on the downside.US
benchmark West Texas Intermediate for August delivery rose 19 cents to $51.10 a barrel and
Brent crude for September, a new contract, advanced 20 cents to $57.12.
Crude investors continue to fret as the global economy struggles to get back up to speed,
despite a strong pick-up in the United States, the world's biggest oil consumer.While fears over
the Greek debt crisis abate, prices took a hit this week after crude-rich Iran and world powers
agreed a historic deal to check the country's nuclear ambitions, which in turn eases crippling
sanctions on its crucial oil exports.Expectations that Iranian crude would hit an already
saturated market spooked dealers, although those worries subsided slightly on the realization it
would not arrive until next year.A strong greenback, at highs not seen since early June, makes
dollar-priced oil more expensive for traders using other, weaker currencies.
✍ NCDEX - WEEKLY NEWS LETTERS
✍ Soyameal exports
Farmers engaged in soy cultivation are highly distressed as India’s soyabean meal exports have
dropped drastically by about 85% from record level of 4.24 million tonnes (MT) during fiscal
year (FY) 2008-09 to a meagre 0.64 million ton in 2014-15, noted a just-concluded study by
apex industry body ASSOCHAM.

7. Looking at near normal monsoon, the country is expected to reap rich harvest of over 12
million ton soybean meal putting further pressure on the domestic prices as India has become
globally in competitive and import of soy oil continues to increase.
This significant slump in soybean meal exports from India is largely on account of speculation
and an unrealistic approach in handling established export markets.
Madhya Pradesh is known as ‘Soybean bowl of India,’ accounting for lion’s share of 60% of
total production followed by Maharashtra (30%), while Rajasthan, Andhra Pradesh, Karnataka,
Chhattisgarh and Gujarat together account for remaining share of 10%.Soybean scenario in
India is currently at crossroads due to erratic production, declining soybean meal exports and
consequent idling of plants, poor soybean oil output while edible oil imports are growing and
currently account for almost 60% of country’s total requirement. Unless a targeted approach is
initiated, India might permanently loose export market for soybean meal that has been so
assiduously build over decades.Edible oil consumption in India is currently growing at a
compounded annual growth rate (CAGR) of three% thereby placing enormous burden and
dependence on imports to meet current deficit of 10 million ton due to near stagnant domestic
production at about 8 million against a requirement of 18 million.”
✍ Soyabean
The area under soybean cultivation has crossed 100 lakh hectares as on date as compared to 110
lakh hectares last year - a drop of 9 per cent. if rain occurs latest by July 20, then the crop
development will be normal and satisfactory. There is a possibility that area under soybean this
year will remain between 100 to 110 lakh hectares, In Madhya Pradesh sowing of soybean
started earlier as compared to last year. In Malwa region, it has been found that approximately 2
lakh hectare area is under severe moisture stress and the crop in this area is virtually lost.
Almost 80 per cent sowing of Soybean was completed during the first spell of rains in mid
June. The crop sown in this spell is currently under moisture stress, but will still revive, in case
the rain occurs within next 3-4 days. Otherwise, the yield in this area will be adversely
affected.There has been no attack of pest and disease as of now. Subsoil moisture is still present
at a depth of 2.5 to 3 inches and it can sustain the standing crop for another one week. Over all
vegetative growth is average and the crop condition is also average in Madhya Pradesh.. The
area under soybean cultivation in Maharashtra is satisfactory and higher than the government's
normal area of 28 lakh hectares. The crop in Latur division and Marathwada is under severe
moisture stress and the productivity is likely to be adversely affected. Major area in Amravati
and Nagpur Division in Vidarbha region is seen to be average to fair. If the monsoon revives by
early next week, it will improve the crop condition considerably, Jain said. In Rajasthan, the
area under soybean is likely to touch 10 lakh hectares, helped by late rains including recent
rains and available irrigation facility. The crop is reported to be quite satisfactory, SOPA
chairman said.

8. ✍ Chana
Chana rose 0.56 per cent to Rs 4,432 per quintal in futures trade on Thursday as traders
enlarged their holdings, driven by strong demand at the spot market.Besides, restricted arrivals
of the commodity in the physical market influenced the chana prices.At the National
Commodity and Derivatives Exchange, chana for July delivery rose by Rs 25, or 0.56 per cent,
to Rs 4,432 per quintal, with an open interest of 3,120 lots.Similarly, chana for delivery in
August increased by Rs 23, or 0.51 per cent, to Rs 4,482 per quintal, with an open interest of
1,54,500 lots.Widening of positions by speculators triggered by strong demand at the spot
market, mainly pushed up chana prices. Further, fall in supplies from the producing regions of
Rajasthan and Madhya Pradesh supported the uptrend.
✍ Jeera
Jeera prices closed lower by 0.62 per cent on Thursday at the National Commodity &
Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the
producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures
for July 2015 contract closed at Rs. 16,080 per quintal, down by 0.62 per cent, after opening at
Rs. 16,025 against the previous closing price of Rs. 16,180., similarly in august contract jeera
closed at 16150 after opening at 16200 and made a high of 16255. Global output of Jeera is
around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India
exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many
other countries.
✍ Mustard seed
Mustard seed prices closed higher by 0.59 per cent on Thursday at the National Commodity &
Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the
commodity in the major markets. At the NCDEX, mustard seed futures for July 2015 contract
closed at Rs. 4,239 per quintal, up by 0.59 per cent, after opening at Rs. 4,215 against the
previous closing price of Rs. 4,214 similarly in august contract mustrd seed made a high of
4275 after opening at 4220 and intra day low was 4195. India produces 5.5 million MT to7
million MT annually and about 0.15 million MT is retained for sowing and direct consumption
as seed which leaves about 4.8-5.1 million MT for crushing and extracting oil.

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