DATE: 24.03.2015
Precious Metals
Gold prices fell by 0.25 per cent to Rs 26,200 per 10 grams in futures trade today amidst a weak trend overseas and profit-booking by speculators. At the Multi Commodity Exchange, mcx gold for delivery in June eased by Rs 65, or 0.25 percent, to Rs 26,200 per 10 grams in a business turnover of 24 lots. Likewise, the metal for delivery in April shed Rs 62, or 0.24 per cent, to Rs 26,120 per 10 grams in 606 lots. Globally, gold traded lower at USD 1,182.30 an ounce in Singapore today.
Silver prices fell sharply by Rs 318 to Rs 37,471 per kg in futures trade today as speculators reduced their positions amidst a weak global trend. At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 318, or 0.84 percent, to Rs 37,471 per kg in a business turnover of 1,317 lots. Also, the white metal for delivery in July fell by Rs 312, or 0.82 per cent, to Rs 37,927 per kg in 76 lots.
Gold prices fell by 0.25 per cent to Rs 26,200 per 10 grams in futures trade today amidst a weak trend overseas and profit-booking by speculators. At the Multi Commodity Exchange, mcx gold for delivery in June eased by Rs 65, or 0.25 percent, to Rs 26,200 per 10 grams in a business turnover of 24 lots. Likewise, the metal for delivery in April shed Rs 62, or 0.24 per cent, to Rs 26,120 per 10 grams in 606 lots. Globally, gold traded lower at USD 1,182.30 an ounce in Singapore today.
Silver prices fell sharply by Rs 318 to Rs 37,471 per kg in futures trade today as speculators reduced their positions amidst a weak global trend. At the Multi Commodity Exchange, silver for delivery in May moved down by Rs 318, or 0.84 percent, to Rs 37,471 per kg in a business turnover of 1,317 lots. Also, the white metal for delivery in July fell by Rs 312, or 0.82 per cent, to Rs 37,927 per kg in 76 lots.
Base Metals & Energy
Copper prices moved up by 0.48 per cent to Rs 388.70 per kg in futures trade today as speculators created fresh positions in tandem with a firming global trend. At the Multi Commodity Exchange, mcx copper for delivery in June traded higher by Rs 1.85, or 0.48 percent, to Rs 388.70 per kg in a business turnover of 109 lots. Also, the metal for delivery in April was trading higher by Rs 1.65, or 0.43 percent, at Rs 383.90 per kg in 2,306 lots.
Crude Oil prices fell by 2 percent on Monday at the domestic markets with continued concerns on oversupply globally and uncertain demand signals from key importers such as China and India. Sentiment weakened further after Saudi Arabia said over the weekend that it would not unilaterally cut its output to defend prices. Since oil prices started to fall in June 2014, many analysts have expected Saudi Arabia, OPEC's biggest producer, to curb its output. At the MCX, crude oil futures for March 2015 contract were trading at Rs. 2,889 per barrel, down by 2 percent, after opening at Rs. 2,930 against the previous closing price of Rs. 2,948. It touched the intra-day low of Rs. 2,886 till the trading.
Agro Outlook
Coriander prices fell by 1.94 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX dhaniya futures for April 2015 contract were trading at Rs. 7,593 per quintal, down by 1.94 per cent, after opening at Rs. 7,675 against the previous closing price of Rs. 7,743. It touched the intra-day low of Rs. 7,500 till the trading.
Coriander prices fell by 1.94 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX dhaniya futures for April 2015 contract were trading at Rs. 7,593 per quintal, down by 1.94 per cent, after opening at Rs. 7,675 against the previous closing price of Rs. 7,743. It touched the intra-day low of Rs. 7,500 till the trading.
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