Precious Metals
D A I L Y B U Z Z
GOLD
Gold futures prices today moved down by 0.84 per cent to Rs 29,730 per 10 grams, after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in April eased by Rs 251, or 0.84 per cent, to Rs 29,730 per 10 gm in business turnover of 6,400 lots.
Likewise, the metal for delivery in far-month June shed Rs 211, or 0.72 per cent, to Rs 29,212 per 10 gm in 573 lots. Market analysts said a weak trend in the overseas markets after the US Federal Reserve hinted that it will raise interest rates sooner-than-expected and a subdued demand at domestic market, put pressure on gold futures here.
Globally, gold fell 0.29 per cent to $1,326.70 an ounce in London today.
Agro Outlook
D A I L Y B U Z Z
MENTHA OIL
Mentha oil extended gains and prices rose further by 3 per cent to hit upper circuit at Rs 937.80 per kg in futures trade today as speculators created positions largely driven by strong demand from pharmaceutical industries in the spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in April gained Rs 27.30, or 3.00 per cent, to Rs 937.80 per kg, with a trading volume of 155 lots. Similarly, the oil for delivery in March edged up by Rs 26.90, or 2.99 per cent, to Rs 926.20 per kg, with a business turnover of 409 lots.
Marketmen said a firming trend at the spot markets on the back of demand from pharmaceutical industries amid restricted supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil prices at futures trade here.
