NATIONAL SPOT EXCHANGE
DAILY MARKET REPORT
AUGUST 17, 2010, 6.00 PM
Today, NSEL has recorded a turnover of Rs. 4730.41 lakhs with total of 1015 trades at the end of the
first trading session. The turnover in bullion was Rs. 3003.19 lakhs and in agri commodities Rs.
E-Gold Demat delivery contract recorded volume of 259 units (1 gram each) and traded lower by Rs.
1.20/ gram from its previous close to settle Rs. 1893.90/gram while E-Silver Demat delivery Contract
recorded volume of 688 lots (100 gram each) and traded higher by Rs. 16.40/100 gram from its
previous close to settle closed at Rs. 2998.90/100 gram.
Gold traded higher in the domestic market as well as overseas market. In domestic market gold is
trading near Rs.18650/10 gram levels. Gold Mumbai delivery traded higher by Rs 18.00/10 gram from
its previous close to settle at Rs.18690/10 gram Gold Mini Mumbai delivery traded higher by Rs
14.00/10 gram from its previous close to settle at Rs.18644/10 gram. Gold Hyderabad delivery traded
higher by Rs 1.00/10 gram from its previous close to settle at Rs.18890/10 gram Gold mini Hyderabad
delivery traded higher by Rs 26.00/10 gram from its previous close to settle at Rs.18903/10 gram.
Gold (IBMA) Delhi delivery traded higher by Rs 1.00/10 gram from its previous close to settle at
Rs.18824/10 gram, Gold Chennai delivery traded higher by Rs 179.00/10 gram from its previous close
to settle at Rs.18851/10 gram. Total quantity of Gold traded till 6.00 pm is 153.26 kg (including E-
In auction contract Hindustan Zinc sold 240 kg of silver for Jaipur delivery at Rs.29151/kg and 150 kg
of silver for Ahmedabad delivery at Rs.29104/kg
Gold touched its highest level in nearly two months on Tuesday, boosted by a weaker dollar and
expectations of further buying by investors concerned about financial stability and looking for
perceived safe haven assets. Dealers in Asia are buying from investors and selling from jewllery
makers. There was soft physical buying from India as demand is set to pick up for the coming festival
season. Gold rose to its highest level since early July, reprising its safe-haven properties, as gloomy
Japanese economic data hit shares and stoked investor concern about the pace of global economic
recovery. The metal is on course for its 10th annual advance, the longest winning streak since at least
1920. With weak economic growth around the world igniting talk of deflation, investors are likely to
chase gold, U.S. Treasury and currencies seen as safe harbour.
Castor seed price at different delivery location traded lower. Castor seed recorded a total trade of
4000 bags in different contracts.
Castor seed prices lower due to strong sowing progress of castor seed crop in major sowing states.
Moreover Fall in industrial demand along with increased supply in physical markets, led to a fall here
in market. According to Solvent Extractors' Association of India (SEA), the kharif area under castor
acreage at all India level reach 301,000 hectares against 218,000 hectares reported in the same
period last year. The acreage in Andhra Pradesh has risen to 161,000 hectares against 90,000 hectares
in the same period last year, up 77% while acreage in Gujarat was at 90,000 hectares as against
50,000 hectares in the same period last year. This was mainly due to good rainfall in Gujarat and
Andhra Pradesh along with higher prices of castor seed. There is ample crop of castor seed might
come in markets in near future.
Cottonseed washoil kadi delivery contract traded unchanged and settled at Rs 490.00/ 10 Kg with
delivery of 2020 MT while Castor oil kandla delivery contract traded lower by Rs 5.00/ 10 Kg and
settled at Rs 770.00/ 10 Kg with delivery of 800 MT.
For further details please contact:
Ms. Veena Chiplunkar
Phone No.: +91 - 22 – 6761 9900