Precious Metals
D A I L Y B U Z Z
GOLD
Gold futures fell by 0.41 per cent to Rs 26,029 per 10 grams today as participants indulged in reducing exposures, largely in tandem with global trend.
At the Multi Commodity Exchange, gold for delivery in December, fell by Rs 106, or 0.41 per cent, to trade at Rs 26,029 per 10 grams in a turnover of 862 lots.
Similarly, the metal for delivery in February next year shed Rs 114, or 0.40 per cent, to Rs 26,210 per 10 grams in 23 lots.
Globally, gold lost over 1.00 per cent to USD 1,161.35 an ounce, the lowest level since July 2010 in Singapore.
Analysts said a weakening trend overseas after the US Federal Reserve ended asset purchases, weighed on gold prices in futures trade.
Agro Outlook
D A I L Y B U Z Z
MENTHA OIL
Mentha oil prices rose by 0.81 per cent on Monday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh. At MCX, Mentha oil futures for November 2014 contract, at MCX, were trading at Rs. 693.00 per kg, up by 0.81 per cent after opening at Rs. 690.70 against the previous closing price of Rs. 687.40. It touched the intra-day high of Rs. 694.90 till the trading. (At 2.38 PM today).
