Sharekhan Commodities Buzz dated July 04, 2006

[Sunil]

Commodities Buzz [July 04, 2006] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Bullions: Trading firm; book profits Bullions are likely to be firm in thin trading amid the market speculating on major central banks' buying interest in gold. After the UAE, it is now the Chinese story that is circulating in the market. China should take advantage of any weakness in the prices of bullion to build its official gold holdings as part of a strategy for diversifying its foreign exchange reserves, a senior government economist said.

Regards, The Sharekhan Research Team myac...@sharekhan.com