Saturday, November 30, 2013


Precious Metals
                                                        D A I L Y B U Z Z
Gold futures prices moved down by 0.36 per cent to Rs 30,049 per 10 grams today, after participants offloaded partial positions, taking weak cues from the global market. 
At the Multi Commodity Exchange, gold for delivery in December eased by Rs 110, or 0.36 per cent, to Rs 30,049 per 10 gm in business turnover of 660 lots. 
Likewise, the metal for delivery in February next year shed Rs 51, or 0.17 per cent, to Rs 29,229 per 10 gm in 257 lots. 
Market analysts said a weak trend in the overseas markets on speculation that the Federal Reserve will begin reducing monetary stimulus as the US economy strengthens, damping demand for haven assets, mainly weighed gold prices at futures trade. 
Globally, gold traded lower at USD 1,242.65 an ounce in Singapore today as against yesterday's USD 1,244.13. 

Base Metals & Energy
                                                      D A I L Y B U Z Z
Aluminium prices fell by 0.30 per cent to Rs 107.95 per kg in futures trading today as speculators offloaded their positions driven by weak global trend on supply outlook. 
At the Multi Commodity Exchange, aluminium for delivery in December declined by 40 paise, or 0.30 
per cent, to Rs 107.95 per kg in business turnover of 179 lots. 
Similarly, the metal for delivery in November traded lower by 30 paise, or 0.28 per cent to Rs 105.95 per k g in 232 lots. 
Market analysts said speculators offloaded their positions in tandem with a weak global trend amid 
signs that the metal will remain in oversupply, weighed on aluminium prices at futures trade here. 
Meanwhile, aluminium for delivery in three months fell USD 1,744 per tonne on the London Metal 

Agro Outlook
                                                     D A I L Y B U Z Z
Coriander prices fell by 1.14 per cent to Rs 7,500 per quintal in futures trade today as speculators 
booked profits at existing higher levels, influenced by a decline in demand in spot market. 
At the Multi Commodity Exchange, coriander for delivery in December fell by Rs 87, or 1.14 per 
cent, to Rs 7,500 per quintal with open interest of 25,790 lots. 
The spice for January delivery declined by Rs 80, or 1.02 per cent, to Rs 7,708 per quintal with an open interest of 13,720 lots. Market analysts said besides profit-booking by speculators at existing higher levels, sluggish demand in the spot market led to the fall in coriander futures prices.