Precious Metals
D A I L Y B U Z Z
D A I L Y B U Z Z
At the Multi Commodity Exchange, gold for delivery in August declined by Rs 104, or 0.40 percent to Rs 25,930 per ten grams in business turnover of 4732 lots.
Likewise, the yellow metal for October contract traded lower by Rs 92, or 0.35 per cent to Rs 26041 per ten grams in 139 lots.
Market analysts attributed the fall in gold futures to a weak global trend as better-than expected US jobs data lifted the dollar to the highest level since July 2010 and increased speculation that the US Federal Reserve will scale back stimulus.
Taking weak cues from the global markets, zinc traded tips a shade lower at Rs 113.35 per kg in futuers trade on Monday.
At the Multi Commodity Exchange, zinc prices for delivery in August declined by 30 paise, or 0.26 per cent, to Rs 113.35 per kg in business turnover of 107 lots.
Likewise, the metal prices for delivery in July traded lower by 20 paise, or 0.18 per cent, to Rs 112.10 per kg in 1,830 lots.
Globally, zinc was down 1.2 per cent at $ 1,837.50 a tonne at the London Metal Exchange.
Agro Outlook
D A I L Y B U Z Z
D A I L Y B U Z Z
At the Multi Commodity Exchange, cardamom for delivery in July declined by Rs 5.10, or 0.70 per cent, to Rs 726.50 per kg in business turnover of 117 lots.
Similarly, the spice for delivery in August traded lower by Rs 2.80, or 0.36 per cent, to Rs 767 per kg in 453 lots.
Chana prices weakened by 0.85 per cent to Rs 3,048 per quintal in futures market on Monday as speculators reduced positions on the back of sluggish demand in the spot market against sufficient supplies.
At the National Commodity and Derivatives Exchange, chana for delivery in August weakened by Rs 26, or 0.85 per cent to Rs 3,048 per quintal in open interest of 2,10,040 lots.
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