Precious Metals
GOLD SILVER
D A I L Y B U Z Z
Gold prices fell 0.45 per cent to Rs 29,299 per 10 grams in futures trading today as participants reduced positions largely in tandem with a weak overseas trend.
At the Multi Commodity Exchange, Gold for delivery in February next year eased by Rs 133, or 0.45 per cent, to Rs 29,299 per 10 grams in a business turnover of 371 lots.
Likewise, the metal for delivery in far-month April shed Rs 85, or 0.29 per cent, to Rs 28,814 per 10 grams in seven lots.
Analysts said a weak trend in the overseas markets amid speculation that Federal Reserve policy makers may decide to start cutting back asset purchases this week, and as a survey showed that holdings in exchange-traded products will contract further next year, mainly weighed on gold prices at futures trade.
Globally, gold fell 0.3 per cent to USD 1,234.90 an ounce in Singapore today.
Base Metals & Energy
COPPER CRUDE OIL
D A I L Y B U Z Z
Crude oil futures prices fell by 0.53 per cent to Rs 6,002 per barrel today as speculators trimmed positions despite a firming trend in Asian trade.
At the Multi Commodity Exchange, crude oil for delivery in December fell by Rs 32, or 0.53 per cent, to Rs 6,002 per barrel in 854 lots.
Similarly, oil for delivery in January next year moved down by Rs 30, or 0.49 per cent, to Rs 6,059 per
barrel in 80 lots. Market analysts said trimming of positions by speculators mainly put pressure on crude oil at futures trade but a firming trend in Asian trade as investors focused on the US Federal Reserve's policy meeting this week for clues about its long-awaited stimulus pullback, capped the losses.
Globally, crude oil for January delivery was up 4 cents at USD 96.66 a barrel on the New York Mercantile Exchange in mid-morning trade today.
Aluminium prices fell by 0.50 per cent to Rs 109.50 per kg in futures trading today as speculators offloaded their positions amid weak cues from global markets.
Besides, subdued demand in the domestic spot markets also weighed on metal prices. At the Multi Commodity Exchange, aluminium for delivery in December declined by 45 paise, or 0.50 per cent, to Rs 109.85 per kg in business turnover of 120 lots.
Similarly, the metal for delivery in January traded lower by 55 paise, or 0.49 per cent, to Rs 111.55 per kg in four lots.
Agro Outlook
CHANA DHANIYA
D A I L Y B U Z Z
Refined soya oil prices fell by 0.57 per cent to Rs 692 per 10 kg in futures market today as speculators reduced positions, driven by sluggish demand in the spot market against adequate stocks position.
At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December fell by Rs 3.95, or 0.57 per cent, to Rs 692 per 10 kg with an open interest of 20,400 lots.
Likewise, oil for delivery in January traded lower by Rs 3.45, or 0.50 per cent, to Rs 691 per 10 kg in 1,00,460 lots.
Analysts said speculators reducing positions due to subdued demand in the spot market against adequate stocks position led to decline in refined soya oil prices at futures trade.
