MCX SILVERMIC February Contract was Trading at Rs 37251

SILVER

At 15:43 hrs MCX SILVERMIC February contract was trading at Rs 37251 up Rs 178, or 0.48 percent. The SILVERMIC rate touched an intraday high of Rs 37400 and an intraday low of Rs 36751. So far 27275 contracts have been traded. SILVERMIC prices have moved down Rs 1694, or 4.35 percent in the February series so far. MCX SILVERMIC April contract was trading at Rs 37900 up Rs 181, or 0.48 percent. The SILVERMIC rate touched an intraday high of Rs 38047 and an intraday low of Rs 37391. So far 1321 contracts have been traded. SILVERMIC prices have moved down Rs 2399, or 5.95 percent in the April series so far.

LEAD

Lead prices fell by 0.04 per cent on Wednesday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 11275 metric tonnes to 228825 metric tonnes as on December 3, 2014. At the MCX, Lead futures, for the November 2014 contract, is trading at Rs 125.90 per kg, down by 0.04 per cent, after opening at Rs 125.30, against a previous close of Rs 125.95. It touched an intra-day low of Rs 125.30 till the trading. (At 3.45 PM).

COPPER

Copper futures fell by 0.25 per cent to Rs 400.10 per kg today as speculators engaged in reducing exposures amid subdued demand at domestic spot markets. At the Multi Commodity Exchange, copper for delivery in April 2015 eased by Re 1, or 0.25 per cent, to Rs 403.80 per kg in a turnover of seven lots. The metal for delivery in February shed 65 paise, or 0.16 per cent, to Rs 400.10 per kg in a business volume of 932 lots.

CRUDE OIL

Globally, copper for delivery in three-months traded 0.20 per cent higher at $6,425.50 per tonne at the London Metal Exchange, while in Shanghai the metal for February delivery advanced by 0.60 per cent to 45,650 yuan ($ 7,421) a tonne.

CARDAMOM

Cardamom prices rose by 0.26 per cent on Wednesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for December 2014 contract were trading at Rs 804 per kg, up by 0.26 per cent, after opening at Rs. 801.90 against the previous closing price of Rs. 801.90. It touched the intra-day high of Rs. 808.50 till the trading. (At 10.45 AM ).

MENTHA OIL

Mentha oil prices fell by 1.21 per cent on Wednesday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs 695.80 per kg, down by 1.21 per cent after opening at Rs. 707.90 against the previous closing price of Rs. 704.30. It touched the intra-day low of Rs. 691.10 till the trading. (At 2.45 PM).