Precious Metals
D A I L Y B U Z Z
GOLD
Gold prices fell 0.82 per cent to Rs 28,420 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators.
At the Multi Commodity Exchange, Gold for delivery in December fell by Rs 236, or 0.82 per cent, to Rs 28,420 per 10 grams in a business turnover of 14 lots.
Likewise, the metal for delivery in October shed Rs 224, or 0.78 per cent, to Rs 28,390 per 10 grams in 537 lots.
Analysts said besides profit-booking by speculators, a weak trend in the overseas markets as the outlook for an improving US economy outweighed tension in Ukraine, weighed on gold prices at futures trade here.
Globally, gold traded 0.6 per cent lower at USD 1,297.46 an ounce Singapore today.
Agro Outlook
CARDAMOM
Cardamom prices surged 2.35 per cent to Rs 945.20 per kg in futures trade today as speculators created positions amid strong demand in the spot markets supported by festive season.
At the Multi Commodity Exchange, cardamom for delivery in far-month October shot up by Rs 21.70, or 2.35 per cent to Rs 945.20 per kg in business turnover of 62 lots.
In a similar fashion, the spice for delivery in September contract gained Rs 13.80, or 1.48 per cent to Rs 944 per kg in 243 lots.
Market analysts said fresh positions created by speculators driven by rising demand in the spot markets in view of festive season mainly led to the rise in cardamom prices at futures trade.
