Precious Metals
D A I L Y B U Z Z
SILVER
At 10:42 hrs MCX SILVER December contract was trading at Rs 36079 up Rs 47, or 0.13 percent. The SILVER rate touched an intraday high of Rs 36090 and an intraday low of Rs 35966. So far 2430 contracts have been traded. SILVER prices have moved down Rs 14921, or 29.26 percent in the December series so far. MCX SILVER March contract was trading at Rs 36775 up Rs 93, or 0.25 percent. The SILVER rate touched an intraday high of Rs 36810 and an intraday low of Rs 36670. So far 202 contracts have been traded. SILVER prices have moved down Rs 9202, or 20.01 percent in the March series so far.
Agro Outlook
D A I L Y B U Z Z
CASTOR SEED
Castorseed prices fell by 1.28 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates.
At the NCDEX, castor seed futures for November 2014 contract was trading at Rs. 4,703 per quintal tonnes, down by 1.28 per cent, after opening at Rs. 4,739 against the previous closing price of Rs. 4,764. It touched the intra-day low of Rs. 4,680 till the trading. (At 12.20 PM today).
CARDAMOM
Cardamom prices fell by 0.35 per cent on Monday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh.At MCX, Cardamom futures for November 2014 contract were trading at Rs. 873.20 per kg, down by 0.35 per cent, after opening at Rs. 875 against the previous closing price of Rs. 876.30. It touched the intra-day low of Rs. 869.90 till the trading. (At 10.45 AM today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity.
