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MCX Weekly Market Report - Gold Dec Up 1.21% At Rs 9590/10gm, Crude Oct Up 2.03% At Rs 3269/Bbl

Date 12/10/2007

MCX – COMDEX
Open: 2246.64 High: 2262.97 Low: 2199.31 Close: 2259.79
Previous close: 2246.27

Total turnover (single sided) of all MCX contracts for the week October 5 - 11, 2007 (Friday-Thursday) was Rs 58,402.13 crore.

MCX COMDEX at 2259.79 points was up 0.60% from the previous close. MCX Agri Index closed up 0.36% at 1679.38 points, MCX Energy Index at 2462.83 points was up 0.48% and MCX Metal Index at 2572.93 points was up 0.80%.

In the Bullion segment, MCX Gold contracts registered a turnover of Rs 16,885.46 crore. Open interest of all gold contracts was 11,547 kgs and total volume 177,974 kgs. The December gold contract was up 1.21% at Rs 9590 per 10 gms from the previous week close.

Silver contracts clocked a turnover of Rs 10,723.32 crore. Open interest for all silver contracts was 474,400 kgs and total volume 5,939,795 kgs. Silver for December delivery was up 2.13% at Rs 18,354 per kg.

In the Metal segment, MCX Copper contracts across the board registered a turnover of Rs 8531.08 crore. Open interest was 15,085 tonnes and total volume 269,028 tonnes. Copper for November delivery was down 2.12% at Rs 316.45 per kg.

MCX Zinc contracts recorded a turnover of Rs 4354.87 crore. Open interest was 41,565 tonnes and total volume 359,665 tonnes. The October contract was up 0.04% at Rs 122.40 per kg. Nickel contracts turnover was Rs 2491.91 crore, open interest 1207.75 tonnes and volume 20,193.50 tonnes. The October contract gained 2.30% at Rs 1265.30 per kg.

Lead contracts clocked turnover of Rs 4261.15 crore, OI of 23,825 tonnes and volume of 287,265 tonnes. Lead for October delivery gained 5.79% at Rs 152.50 per kg.

In the Energy segment, all MCX crude oil contracts registered a turnover of Rs 8527.52 crore. Open interest was 2,004,100 barrels and total volume 26,908,900 barrels. The October contract was up 2.03% at Rs 3269 per barrel.

Natural gas contracts recorded a turnover of Rs 512.35 crore, open interest of 1,072,000 mmbtu and total volume of 18,266,000 mmbtu. The October contract was down 6.14% at Rs 273.40 per mmBTU.

Some of the other major agri-commodities traded on MCX registered the following turnover:
  • All Mentha Oil contracts registered a turnover of Rs. 118.52 crore, open interest of 2118 tonnes and total volume of 2322 tonnes. Mentha oil for November delivery was down 0.31% at Rs 514.50 per kg.
  • All MCX Refined Soya Oil contracts, with open interest of 62,050 tonnes, registered a turnover of Rs 1161.29 crore and total volume of 241,810 tonnes. The November contract was up 0.21% at Rs 481.90 per 10 kg.
  • MCX Potato (Agra) contracts registered a turnover of Rs. 47.15crore, open interest of 20,880 tonnes and total volume of 75,960 tonnes. The October contract was up 2.66% at Rs 641.40 per quintal (100 kg).
  • The Potato (Tarkeshwar) contract recorded turnover of Rs 15.77 crore, OI of 14,220 tonnes and volume of 25,110 tonnes. The November delivery contract closed down 3.16% at Rs 613.50 per quintal.
  • Cardamom contracts registered a turnover of Rs 187.95 crore, OI of 314 tonnes and volume of 3585 tonnes. The November contract was down 1.40% at Rs 527 per kg.
  • MCX Chana contracts recorded a turnover of Rs 75.46 crore, OI of 3060 tonnes and volume of 32,600 tonnes. The October contract was up 3.38% at Rs 2325 per quintal.
  • MCX Kapaskhali contracts clocked a turnover of Rs 25.22 crore, OI of 18,695 tonnes and volume of 35,540 tonnes. The October contract was up 2.03 % at Rs 377 per 50 kg.
  • MCX Guarseed contracts recorded turnover of Rs 1.38 crore, OI of 1820 tonnes and volume of 830 tonnes. The November contract was up 0.48% at Rs 1685 per quintal.