Precious Metals
SILVER GOLD
D A I L Y B U Z Z
Crude oil futures are trading lower in global markets on Thursday. January 2013 Brent crude oil futures down 0.32% to USD 107.71 a barrel on the New York Mercantile Exchange.
Meanwhile, January 2013 light sweet crude oil (WTI) futures decreased 0.27% to trade at USD 93.59 a barrel on the New York Mercantile Exchange (12.34 pm IST).
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
SILVER GOLD
D A I L Y B U Z Z
Gold prices moved down by 0.43 per cent to Rs 29,941 per 10 gram in futures trade, 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 129, or 0.43 per cent, to Rs 29,941 per 10 gram in business turnover of 372 lots. Likewise, the metal for delivery in far-month February next year shed Rs 103, or 0.35 per cent, to Rs 29,329 per 10 gm in 34 lots.
Market analysts said a weak trend in the overseas markets after the US Federal Reserve signalled that policy makers may reduce monthly bond purchases in the coming months, mainly weighed on gold futures here. Globally, gold fell 2.54 per cent to $1,242.80 an ounce in New York on Wednesday.December 2013 silver futures at the MCX were trading down 0.57% at Rs 44,742 per 1 kg after hitting high of Rs 44,851. It opened at Rs 44,851.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z ZCrude oil futures are trading lower in global markets on Thursday. January 2013 Brent crude oil futures down 0.32% to USD 107.71 a barrel on the New York Mercantile Exchange.
Meanwhile, January 2013 light sweet crude oil (WTI) futures decreased 0.27% to trade at USD 93.59 a barrel on the New York Mercantile Exchange (12.34 pm IST).
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.
Mixed trends were visible in agri-commodities markets with turmeric futures in India's National Commodity and Derivatives Exchange (NCDEX) gain sharply this week on estimates of lower producers while Chana fell 2.36% to Rs 3149 s market sentiments turned bearish on inferior quality of the commodity in Rajasthan and Maharashtra markets.
In overseas markets, US corn and wheat futures rose marginally to $414 and $646 6/8 respectively while soybeans fell t $12.83 per bushel on favourable planting conditions in Argentina. Among the gainers were ICE Coffee, ICE Sugar and Cotton.
