Agro Outlook
JEERA
By 0.7 per cent on
Tuesday Jeera prices closed higher at the NCDEX as the investors
increased their holdings in the commodity in the
midst limited
advent from growing regions. At the NCDEX, jeera futures for December
2014
contract closed at Rs. 12,950 per quintal, up by 0.7 per cent,
after opening at Rs. 12,985 opposed to the previous closing price of
Rs. 12,860. It touched the intraday high of Rs. 12,985. point of
view better further as a result of diminish domestic supplies in the
physical markets and some
export enquiries. Global output of Jeera
is throughout 2.2 lakh MT per year, of which India produces
about
1.5 lakh MT per year.
Precious Metals
GOLD/SILVER
Gold prices healing by Rs
100 to Rs 27,300 per 10 grams at the bullion market today on
periodic wish from jewellers and retailers amidst a firming global trend. However silver
remained under selling pressure and moved further down by Rs 350 to Rs 36,700 per kg. Gold in
Singapore, which normally sets price trend on the domestic front, traded a
shade maximum at $1,197.28 an ounce from $1,197.01 yesterday. Traders
said besides enlarge buying by jewellers and retailers to meet periodic demand, a firm
global trend as the US Federal Reserve concludes two-day policy meeting, influenced gold
prices.
Base Metals & Energy
COPPER
By 0.66 per cent Copper
prices slides on Wednesday at the domestic markets after
manufacturing activity in France shrink
unexpectedly in December according to data released, fuelling concerns over the outlook
for the euro zone’s second largest economy which reduced the demand outlook for the
metal. Research group up Markit said its preliminary French manufacturing purchasing
managers’ index fell to 47.9 this month from a final reading of
48.4 in November. Analysts had
excluded the index to tick up to 48.6. At the MCX, copper futures for February 2015
contract were trading at Rs.406.05 per 1 kg, down by 0.66 per cent,
after opening at Rs. 408.15
against the previous closing price of Rs. 408.75. It touched the
intra-day low of Rs. 405.50 till
the trading. (At 4.25 PM).
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