Daily Commodity Report by www.epicresearch.co -- 15th February 2013

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indore, India (prHWY.com) February 15, 2013 - HEADLINE

Gold demand, imports jump in Q4.

India imported 860 tonnes of gold in 2012, down 11.3 per cent from the 969 tonnes of 2011. The total import is seen as higher than expected earlier, with it surging to 255 tonnes in the October-December quarter of 2012, highest in the last six quarters. It was just 157 tonnes in January-February 2012, prior to the rise in import duties. The World Gold Council (WGC) has released its gold demand trend report for the fourth the latest rise in import duty, in end-January, would stagnate till the market digests the increase. With such crossed $40 billion in calendar 2012.

Gold declines on lower demand, silver too.

Gold prices fell to nearly two week low at the bullion market here ,further selling by stockists and investors amid dull retail demand. Silver Came Down moderately on renewed speculative off-take as well as mild industrial demand.

TRADING TIP:

* Sell Silver Mar
* Below 56550
* TGTS-56400/56300
* SL-56650


* Sell Zinc Feb
* Above 117.10
* TGTS-116.40/115.20
* SL- 117.80


ANALYSIS
DAILY MCX GOLD CHART
OPEN: 30573
HIGH: 30610
LOW: 30452
CLOSE: 30463

* GOLD LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

DAILY MCX SILVER CHART
OPEN: 57469
HIGH: 57630
LOW: 56550
CLOSE: 56630

* SILVER LOOKS DOWNWARD
* TREND: BEARISH
* STRATEGY: SELL ON RISE

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