Saturday, December 13, 2014

DAILY MCX NCDEX COMMODITY 15 DEC 2014

Precious Metals
D A I L Y B U Z Z
GOLD
Gold futures fell in the domestic market on Friday as investors and speculators exited positionsin the precious metal tracking a weak trend in the overseas market as robust US economic dataraised fears of sooner than excepted interest rate hike in the US, dimming the appeal of thebullion as a store of value. US retail sales climbed 0.7 per cent in November over the previousmonth while jobless claims fell by 3,000 to 294,000 in the week ended December 6, 2014,signaling a pickup in the world’s biggest economy. Caution persisted ahead of US consumersentiment data due today which may show a rise in sentiment in November. Gold futures forFebruary 2015 contract, at MCX, is trading at Rs. 27,139 per 10 grams, down by 0.44 per cent,after opening at Rs. 27,265, against the previous closing price of Rs 27,258. It touched an intra-day low of Rs 27,054. (At 11:30 AM).

Agro Outlook
D A I L Y B U Z Z
CARDAMOM
Cardamom prices fell by 0.38 per cent on Friday 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 January 2015 contract were trading at Rs. 868.10 per kg, down by 0.38 per cent, after opening at Rs. 868.10 against the previous closing price of Rs. 867. It touched the intra-day low of Rs. 862.70 till the trading. (At 10.40 AM today).


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