Thursday, January 30, 2014


Precious Metals
                                                             D A I L Y B U Z Z
Gold prices moved down by 0.70 per cent to Rs 28,700 per 10 grams in futures trade today after participants off-loaded positions, taking weak cues from the global market.

At the Multi Commodity Exchange, Gold for delivery in April declined by Rs 203, or 0.70 per cent, to Rs 28,700 per 10 grams in business turnover of 452 lots.

Likewise, the metal for delivery in February shed Rs 133, or 0.48 per cent, to Rs 29,378 per 10 grams in 1,672 lots. Market analysts said a weak trend in the overseas markets amid expectations that stimulus will be cut further as the US Federal Reserve decides on monetary policy, mainly put pressure on the gold prices at futures trade here.

Globally, gold lost 0.6 per cent to USD 1,248.90 an ounce in Singapore.

Agro Outlook
                                                           D A I L Y B U Z Z
Cardamom prices rose by 0.40 per cent to Rs 724.90 per kg in futures trade today after speculators enlarged positions supported by good buying in the spot markets.

Sentiment improved further as a result of firm demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, cardamom for February contracts rose by Rs 2.90, or 0.40
per cent, to Rs 724.90 per kg, with a trading volume of 136 lots. The spice for delivery in March
was trading up by Rs 2.80, or 0.37 per cent, to Rs 755 per kg, with a business volume of 44 lots.

Mentha oil prices rose by 0.44 per cent to Rs 819.20 per kg in futures trade today as traders
created fresh positions, driven by pick up in demand from consuming industries in spot markets.
The trading sentiment improved further on lower arrivals from major producing area of Chandausi in Uttar Pradesh.

At the Multi Commodity Exchange, mentha oil for delivery in January rose by Rs 3.60, or 0.44 per cent, to Rs 819.20 per kg, clocking a business volume of 120 lots.