Precious Metals
Cardamom Sugar
D A I L Y B U Z Z
Gold prices fell by 0.45 per cent to Rs 28,966 per ten grams in futures trade today as
speculators indulged in trimming positions in tandem with a weak global trend.
At the Multi Commodity Exchange, gold for delivery in February fell by Rs 130, or 0.45 per cent
to Rs 28,966 per ten grams in business turnover of 1,274 lots.
Similarly, the metal for delivery in far-month April contracts lost Rs 99, or 0.35 per cent, to Rs
28,373 per ten grams in 128 lots. Analysts attributed the fall in gold futures to speculators
trimmed positions in tandem with a weak global trend amid speculation that the US Federal
Reserve will continue reducing asset purchases.
Meanwhile, gold fell 0.5 per cent to $1,239 an ounce in Singapore in early trade today.
Agro Outlook
Cardamom Sugar
D A I L Y B U Z Z
Cardamom prices drifted 0.18 per cent to Rs 725 per kg in futures market today as speculators lightened positions amid sluggish demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in January declined by Rs 1.30, or 0.18 per cent, to Rs 725 per kg in business turnover of 18 lots.
Similarly, the spice for delivery in February shed 80 paise, or 0.11 per cent, to Rs 711.30 per kg in
71 lots. Market analysts said offloading of positions by speculators triggered by subdued demand in the spot market against adequate stocks position mainly led to decline in cardamom prices at futures trade.
Sugar futures rose on Wednesday to their highest in a week on expectation the government will give incentives to mills to produce raw sugar for exports.
At 0830 GMT, the key February contract was up 0.4 per cent at Rs 2,754 ($44.73) per 100 kg on the National Commodity and Derivatives Exchange. It rose to Rs 2,758 earlier in the day, the highest level since January 8.
Cardamom Sugar
D A I L Y B U Z Z
Gold prices fell by 0.45 per cent to Rs 28,966 per ten grams in futures trade today as
speculators indulged in trimming positions in tandem with a weak global trend.
At the Multi Commodity Exchange, gold for delivery in February fell by Rs 130, or 0.45 per cent
to Rs 28,966 per ten grams in business turnover of 1,274 lots.
Similarly, the metal for delivery in far-month April contracts lost Rs 99, or 0.35 per cent, to Rs
28,373 per ten grams in 128 lots. Analysts attributed the fall in gold futures to speculators
trimmed positions in tandem with a weak global trend amid speculation that the US Federal
Reserve will continue reducing asset purchases.
Meanwhile, gold fell 0.5 per cent to $1,239 an ounce in Singapore in early trade today.
Agro Outlook
Cardamom Sugar
D A I L Y B U Z Z
Cardamom prices drifted 0.18 per cent to Rs 725 per kg in futures market today as speculators lightened positions amid sluggish demand in the spot market.
At the Multi Commodity Exchange, cardamom for delivery in January declined by Rs 1.30, or 0.18 per cent, to Rs 725 per kg in business turnover of 18 lots.
Similarly, the spice for delivery in February shed 80 paise, or 0.11 per cent, to Rs 711.30 per kg in
71 lots. Market analysts said offloading of positions by speculators triggered by subdued demand in the spot market against adequate stocks position mainly led to decline in cardamom prices at futures trade.
Sugar futures rose on Wednesday to their highest in a week on expectation the government will give incentives to mills to produce raw sugar for exports.
At 0830 GMT, the key February contract was up 0.4 per cent at Rs 2,754 ($44.73) per 100 kg on the National Commodity and Derivatives Exchange. It rose to Rs 2,758 earlier in the day, the highest level since January 8.
