Thursday, September 18, 2014

DAILY COMMODITY GOLD & CARDAMOM REPORT 18 SEP 2014

Precious Metals
D A I L Y B U Z Z
GOLD
After two days of gains, gold prices fell by Rs 60 to close at Rs 27,400 per 10 gram in the national capital today due to slackened demand from jewellers and retailers amid absence of cues from global markets. 

Silver also lacked necessary follow-up support from industrial units and coin makers and shed Rs 110 to Rs 41,490 per kg. 

In Delhi, gold of 99.9 and 99.5 per cent purity fell by Rs 60 each to Rs 27,400 and Rs 27,200 per 10 gram, respectively. 

It had gained Rs 90 in the previous two sessions. Sovereign, however, remained unaltered at Rs 24,400 per piece of eight gram in limited deals. 

Globally, gold traded a shade higher at USD 1,235.40 an ounce in Singapore. 

On similar lines, silver ready declined by Rs 110 to Rs 41,490 per kg and weekly-based delivery by Rs 190 to Rs 41,350 per kg. The white metal had gained Rs 350 in last two days. 

Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Continuing its losing streak for the third straight day, cardamom prices fell further by 0.36 per cent to Rs 920 per kg in futures trade today as speculators engaged in reducing positions amid adequate stocks against subdued demand in the spot market. 

At the Multi Commodity Exchange, cardamom for delivery in November fell by Rs 3.30, or 0.36 per cent, to Rs 920 per kg in a business turnover of four lots. 

In a similar fashion, the spice for delivery in October traded lower by Rs 1.60, or 0.17 per cent, to Rs 915.50 per kg in 157 lots. 

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