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MCX Weekly Market Report - Gold February 08 Contract Goes Up By 2.44% At Rs 11,243 Per 10 Grams And Silver March 08 Contract By 3.86% At Rs 20,828 Per Kg

Date 11/01/2008

MCX – COMDEX
Open: 2458.24 High: 2477.68 Low: 2401.40
Close: 2446.05 Previous close: 2458.09

Total turnover (single- sided) of all MCX contracts for the week 04-10 January 08 (Friday-Thursday) was Rs 84,939.04crore.

MCX COMDEX at 2446.05 points was down by 0.49% on the previous close. But MCX Agri- Index was up by 0.84% at 1695.42 points. MCX Energy Index at 2771.70 fell by 3.26% but MCX Metal Index at 2740.32 points improved by 2.05%.

In the bullion segment, MCX gold contracts registered a turnover of Rs 34,473.20 crore. Open interest of all gold contracts was 18,099 kgs and total volume 312,611 kgs. The February gold contract was up 2.44% at Rs 11,243 per 10 gms on the previous week’s close.

Silver contracts clocked a turnover of Rs 15,879.23 crore. Open interest for all silver contracts was 4, 36,860 kgs and total volume 78, 52,550 kgs. Silver for March delivery moved up by 3.86% at Rs 20,828 per kg.

In the metal segment, MCX copper contracts across the board registered a turnover of Rs 9653.36 crore. Open interest was 14,330 tonnes and total volume 342,655 tonnes. Copper for February delivery gained 2.50 % at Rs 285.40 per kg.

MCX zinc contracts recorded a turnover of Rs 4020.01 crore. Open interest was 49,005 tonnes and total volume 405,115 tonnes. The January 08 contract fell by 4.94% at Rs 96.30 per kg.

Nickel contracts turnover was Rs 1944.63 crore, open interest 1,187 tonnes and volume 16,975 tonnes. The January08 contract fell by 1.79 % % at Rs 1,126 per kg.

Lead contracts clocked a turnover of Rs 1710.89 crore, OI of 10,770 tonnes and volume of 165,920 tonnes. Lead for January 08 delivery was down 3.72 % at Rs 102.30 per kg.

In the energy segment, all MCX crude oil contracts registered a turnover of Rs 14,533.41 crore. Open interest was 12, 63,900 barrels and total volume 38,426,500 barrels. The January 08 contract closed down 5.13 % at Rs 3,700 per barrel.

Natural gas contracts totaled a turnover of Rs328.83 crore, open interest of 605,000 mmBTU and total volume of 10,555,500mmBTU. The January 08 contract shot up by 5.76% at Rs323.20 per mmBTU.

Some of the other major agro-commodities traded on MCX registered the following turnover:
  • All mentha oil contracts clocked a turnover of Rs 85.31 crore, open interest of 860 tonnes and total volume of 1,949 tonnes. Mentha oil for January 08 delivery lost by 1.33% at Rs 431.30 per kg.
  • All MCX refined soya oil contracts aggregated a turnover of Rs 1274.49 crore, with open interest of 46,270 tonnes and total volume of 225,180 tonnes. The January 08 contract was up 0.84% at Rs 564.85 per 10 kgs.
  • MCX potato (Agra) contracts registered a turnover of Rs 32.55 crore, open interest of 24,990 tonnes and total volume of 58,020 tonnes. The March 08 contract rose by 1.12% at Rs 558.10 per quintal.
  • The Potato (Tarkeshwar) contract recorded turnover of Rs 4.20 crore, OI of 10, 110 tonnes and volume of 8,760 tonnes. The March ‘08 delivery contract added 1.27% at Rs 479.90 per quintal.
  • Cardamom contracts clocked a turnover of Rs 159.04. crore, OI of 442 tonnes and volume of 2,425 tonnes. The January 08 contract was up by 3.75% at Rs 663 .50 per kg.
  • MCX chana contracts clocked a turnover of Rs 267.45 crore, OI of 5,960 tonnes and volume of 122,750 tonnes. The January contract went down by 0.05% at Rs 2,131 per quintal.
  • MCX kapaskhali contracts clocked a turnover of Rs 45.06 crore, OI of 21,975 tonnes and volume of 55,295 tonnes. The January 08 contract was up by 1.54 % at Rs 395 per 50 kgs.
  • MCX guarseed contracts totaled a turnover of Rs 0.54 crore, OI of 10 tonnes and volume of 310 tonnes.