Monday, February 10, 2014


Precious Metals
                                                            D A I L Y B U Z Z
Gold prices tumbled by Rs 340 to Rs 30,200 per ten grams in the national capital today on emergence of profit-selling by stockists at existing higher levels.

Silver also fell by Rs 180 to Rs 44,620 per kg on lack of buying support from industrial units and coin makers.

Traders said emergence of profit-selling by stockists at prevailing higher levels mainly kept pressure on gold prices to surrendered moderate ground.

They said local demand dried up at current levels and appreciation of rupee against the US dollar also influenced gold.

On the domestic front, gold of 99.9 and 99.5 per cent purity dropped by Rs 340 each to Rs 30,200 and Rs 30,000 per ten grams, respectively. It shed Rs 80 in last two trading sessions. Sovereign declined by Rs 50 at Rs 25,250 per piece of eight grams.

Agro Outlook
                                                           D A I L Y B U Z Z
Snapping its four-day rising streak, cardamom prices dipped 2.11 per cent to Rs 710 per kg in futures trading today as speculators booked profits at prevailing higher levels on fall in spot market demand against adequate stocks position.

At the Multi Commodity Exchange, cardamom for delivery in February plunged Rs 15.30, or 2.11 per cent, to Rs 710 per kg in a business turnover of 421 lots.

However, spice for delivery in March held steady at Rs 802.70 per kg in 744 lots.

Mentha oil prices rose 3.20 per cent to Rs 815.30 per kg in futures trade today as speculators enlarged positions, tracking a firm trend at the spot market on pick up in demand from consuming industries.

Tight stocks availability in the physical market following restricted arrivals from Chandausi in Uttar Pradesh also supported the uptrend.

At the Multi Commodity Exchange, mentha oil for delivery in March rose Rs 3.20, or 0.39 per cent, to Rs 815.30 per kg in a business.