ALUMINI :-  1 KGS  MUMBAI  128.15    ALUMINIUM :-  1 KGS  MUMBAI  128.15    CARDAMOM :-  1 KGS  VANDANMEDU  1,008.80    CHANA :-  100 KGS  DELHI  4,400.00    COPPER :-  1 KGS  MUMBAI  427.30    COTTON :-  1 BALES  RAJKOT  18,690.00    CRUDEOIL :-  1 BBL  MUMBAI  3,732.00    CRUDEOILM :-  1 BBL  MUMBAI  3,732.00    GOLD :-  10 GRMS  AHMEDABAD  28,486.00    GUARGUM :-  100 KGS  JODHPUR  9,030.00    GUARSEED :-  100 KGS  JODHPUR  3,900.00    JUTE :-  100 KGS  KOLKATA  3,748.00    NATURALGAS :-  1 mmBtu  HAZIRA  182.00    NICKEL :-  1 KGS  MUMBAI  698.60    NICKELM :-  1 KGS  MUMBAI  698.60    REFSOYOIL :-  10 KGS  INDORE  753.10    SALMONDDEL :-  1 KGS  DELHI  558.00    SBPPRKCH :-  100 KGS  KOCHI  44,585.00    SCSTRSDDIS :-  100 KGS  DEESA  4,480.00    SILVER :-  1 KGS  AHMEDABAD  36,457.00    SILVER1000 :-  1 KGS  DELHI  36,921.00    SRBDKND :-  10 KGS  KANDLA  619.60    SUGARSKLP :-  100 KGS  KOLHAPUR  3,520.00    WHEAT :-  100 KGS  DELHI  1,796.30    ZINCMINI :-  1 KGS  MUMBAI  199.90    
COMMODITY CHART
12 Dec 2017 15:50
Name Expiry Curr.Price %Chg.
RUBBER Dec-2017 13350.00 0.17
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MARKET OVERVIEW
12 Dec 2017 15:46
     
Symbol Exp.Date LTP Rs Chg.(%)
RUBBER APR2018 14350.00 +2.95
PEPPER JAN2018 39200.00 +2.89
ISABGUL... FEB2018 11315.80 +0.99
RAW JUTE DEC2017 3972.70 +0.96
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WORLD INDICES
Indices Index Value %Diff
DJIA 24,386.03 +0.23
DAX 13,123.65 -0.23
FTSE 100 7,453.48 +0.80
Shanghai Comp... 3,280.81 -1.25
Nikkei 225 22,866.17 -0.32
Nasdaq 6,875.08 +0.51
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GEOFIN UPDATES
Introduction of Options in Commodity Derivatives Market : SEBI has constituted a committee of experts known as Commodity Derivatives Advisory Committee (CDAC) to advise SEBI on matters concerning effective regulation and development of the commodity derivatives market. The recommendations made by the CDAC inter alia, on the subject of introduction of new products have been considered and it has been decided that Commodity Derivatives Exchanges shall be permitted to introduce trading in 'options'.

Based on the regulatory requirement, MCX has implemented push based SMS service, to disseminate Exchange traded commodity future contract price information. The said facility has been implemented on the website under My MCX section of MCX website, www.mcxindia.com. To avail the SMS service, interested stake holders are required to register on the website and select the commodities for price update. The price dissemination through SMS implemented by the Exchange is provided free to the subscribers.

NMCE circular on SEBI Turnover Charges: “In terms of SEBI Regulations, Schedule III, (Regulation10), Table -2, all the members of the Exchange, dealing in Commodity Derivatives, are required to pay a fee to SEBI on turnover done by them with effect from 28th September 2015 and the current rate of fee is as follows:- “Rs 20/- Per crore (0.0002 percent of member turnover)” With effect from 1st July 2016 the SEBI Turnover charges collected from the member as under. “Rs 20/- Per crore (0.0002 percent of member turnover)”

In order to provide better clarity in understanding the term “Final Expiry Date/ Expiry Date” given to commodities by the Assayers empaneled/ approved by the Exchange, “Expiry Date/Final Expiry Date” shall henceforth be denoted as “Exchange Deliverable Date (EDD)” in all assaying certificates issued by the assayers and wherever the term “Expiry Date/Final Expiry Date” is reflected or mentioned shall henceforth mean and shall be read and also referred to as “Exchange Deliverable Date(EDD)”.

W.e.f December 01, 2015, trading will be limited to square off the existing open position for clients who are not registered under the KRA. Fresh positions will not be allowed until registration under the KRA.

As per Government notifications, Service Tax is being hiked to 15% from the existing 14% consequent to the levy of Swachh Bharat Cess (0.50%), and Krishi Kalyan Cess (0.50%). Hence, the new Service Tax rate @ 15% will be applicable for all trades.

A new contract for Gold is available in MCX. Symbol: GOLDGLOBAL This contract does not include any local market premium. The DDR price will be calculated on the expiry date based on the International price on that day at RBI reference rate. Other Benefits: Perfect Hedge for Exporters, Importers & Indian Refiners. Only two variables: International prices and Currency. Spread benefit: Pay only 25% of total margin. Contract excludes custom duty, taxes and Domestic premium/discount. Cash Settled contract. No need to hedge 3 Legs (International exchange, domestic exchange and currency exchange)

NCDEX launched Forward contracts in Gold for delivery in Hyderabad Duration: maximum 60 days. Base price: Price agreed at the time of trade. Pricing Date: As agreed between buyer and seller. Initial margin: 5%. For more information : http://www.ncdex.com/Downloads/Circulars/PDF/Launch_Forward_Contracts_Gold_Hyderabad_02072015.pdf

We are pleased to announce our name change, from Geojit Comtrade Ltd. to Geofin Comtrade Ltd. Our new logo and look reflects our vision to become an integrated service and solution provider in the commodities space.

“Please be informed on the following changes with regard to online access:

Online Trading: https://flip.geofin.co.in

Online Back-office & Payment gateway: http://cc.geofin.co.in

Downloads
The basics of commodity trading
Hindu Business Line  Click to know more
Rubber output up, consumption lags
Financial Chronicle  Click to know more
Gold
Moneycontrol   Click to know more