Monday, December 1, 2014

WEEKLY MCX NCDEX REPORT 1 DEC 2014

Precious Metals
D A I L Y B U Z Z
SILVER
Silver prices fell by 0.90 per cent to Rs 35,563 per kg in futures trade as speculators engaged in reducing their positions largely in tune with a weakening trend overseas.

At the Multi Commodity Exchange, silver for delivery in December contracts traded lower by Rs 324, or 0.90 per cent, to Rs 35,563 per kg in business turnover of 947 lots.

Similarly, the white metal for delivery in far-month March next year contracts declined by Rs 270, or 0.74 per cent, to Rs 36,445 per kg in business volume of 435 lots.

In the international market, silver fell 1.20 per cent to $16.05 an ounce in Singapore, the lowest since November 20.

Market analysts said a subdued trend in precious metals in the global markets as crude oil at the lowest level in four years increased prospects for a cooling of consumer prices, reducing demand for an inflation hedge, put pressure on silver futures trade here. 

Agro Outlook
D A I L Y B U Z Z
CASTOR SEED
Castorseed prices fell by 1 per cent on Friday 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 December 2014 contract was trading at Rs. 4,556 per quintal tonnes, down by 1 per cent, after opening at Rs. 4,590 against the previous closing price of Rs. 4,602. It touched the intra-day low of Rs. 4,525 till the trading. (At 12.36 PM today).

CORIANDER
Coriander prices fell by 0.69 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for December 2014 contract were trading at Rs. 12,889 per quintal, down by 0.69 per cent, after opening at Rs. 12,956 against the previous closing price of Rs. 12,979. It touched the intra-day low of Rs. 12,838 till the trading. (At 12.05 PM today).


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