Wednesday, March 12, 2014

DAILY MCX NCDEX REPORT 12 MARCH 2014

Precious Metals
                                                        D A I L Y B U Z Z
GOLD
Extending its falling trend, gold prices moved down by 0.37 per cent to Rs 30,013 per 10 gram in futures trade today as participants indulged in trimming positions even as the metal recovered in global markets.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 110, or 0.37 per cent, to Rs 30,013 per 10 gm in a business turnover of 2,011 lots. Likewise, the metal for delivery in far-month June shed Rs 73, or 0.25 per cent, to Rs 29,368 per 10 gm in 299 lots.

Globally, gold rose as much as 0.3 per cent to $1,344.02 an ounce in Singapore today.

SILVER
Silver prices fell by 0.30 per cent to Rs 46,762 per kg in futures trade today as speculators trimmed their positions despite a firming trend in the overseas markets.

At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 143, or 0.30 per cent, to Rs 46,762 per kg in a business turnover of 32 lots.

Similarly, the white metal for delivery in May declined by Rs 134, or 0.29 per cent, to Rs 45,839 per kg in a business volume of 1,704 lots.

Agro Outlook
                                                      D A I L Y B U Z Z
CARDAMOM
Cardamom futures remained higher and prices added 0.33 per cent to Rs 792 per kg today as speculators enlarged their positions on rising demand in the spot market.

Besides, tight stocks position in the physical market due to restricted arrivals from producing belts further fuelled the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in March added Rs 2.60, or 0.33 per cent, to Rs 792 per kg in a business turnover of 3 lots. However, the spice for delivery in April traded lower by Rs 2, or 0.24 per cent, to Rs 831.50 per kg in 373 lots.

REFINED SOYA OIL
Refined soya oil prices fell 0.66 per cent to Rs 737.45 per 10 kg in futures trading today as speculators locked-in gains driven by sluggish demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in April fell by Rs 4.90, or 0.66 per cent, to Rs 737.45 per 10 kg with an open interest of 1,23,870 lots.

Similarly, the oil for delivery in March traded lower by Rs 4.55, or 0.62 per cent, to Rs 733.60 per 10 kg in 28,880 lots.

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