Precious Metals
D A I L Y B U Z Z
GOLD
Gold futures rose in the domestic market on Monday as investors and speculators booked fresh positions in the precious metal amid bets that the US Federal Reserve may refrain from tightening monetary policy in the near-term as the jobs data for the month of October lagged estimates, bolstering the demand for the bullion as a store of value. However, a drop in holding in gold backed exchange traded products trimmed gains in the precious metal. Holdings in the SPDR Gold Trust, the leading gold backed exchange traded product shrank for a fourth day to the least since September 2008. Gold futures for December 2014 contract, at MCX, is trading at Rs. 25,955 per 10 grams, up by 0.09 per cent, after opening at Rs. 25,958, against the previous closing price of Rs 25,932. It touched an intra-day high of Rs 26,036. (At 11:29 AM).
Agro Outlook
D A I L Y B U Z Z
CASTOR SEED
Castorseed prices fell by 0.04 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 0.04 per cent, after opening at Rs. 4,704 against the previous closing price of Rs. 4,705. It touched the intra-day low of Rs. 4,686 till the trading. (At 12.15 PM today).
