Monday, January 20, 2014


Precious Metals
                                                             D A I L Y B U Z Z
Gold prices ended the week above Rs 29,000 level by gaining Rs 231 to Rs 29,265 per ten grams in futures trade Friday as the market participants enlarged their positions, moving in tandem with a firming trend overseas. At the Multi Commodity Exchange (MCX), gold for delivery in April rose by Rs 231 to settle at Rs 29,265 per ten grams after moving in range of Rs 28,911 - Rs 29,310.

Similarly, silver for delivery in March climbed by Rs 591 to Rs 45,136 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, moved higher by nearly 1 percent.

Spot gold last traded up USD 9.50 or 0.76 percent at USD 1,253.20 an ounce after making a high and low of USD 1,256.20 and USD 1,237.20 respectively in intra-day trade.

Agro Outlook
                                                        D A I L Y B U Z Z
Continuing its losing streak for the third straight session, cardamom prices fell by 0.39 per cent
to Rs 758.60 per kg in futures market as speculators engaged in trimming positions due to weak
At the Multi Commodity Exchange, cardamom for delivery in far-month April fell by Rs 3, or
0.39 per cent, to Rs 758.60 per kg in business turnover of 2 lots.
Similarly, the spice for delivery in March declined by Rs 1.40, or 0.19 per cent, to Rs 731.80 per
kg in 14 lots. However, spice for delivery in February held steady at Rs 703 per kg in 95 lots.
Market analysts said speculators trimmed positions amid weak demand in the spot market
against adequate stocks position which kept pressure on cardamom prices.