Reports: Today Gold Prices Decrease by Rs 180

Precious Metals

GOLD/SILVER

Today Gold prices decrease by Rs 180 to Rs 27,200 per ten , Snapping a three-day rising trend. At the bullion market owing to loose demand at prevailing higher levels amid a weak global trend. Silver also slipped by Rs 1,150 to Rs 37,050 per kg on poor offtake by industrial units and coin makers.

Base Metals & Energy

Zinc

Zinc futures edged up by 0.55 per cent to Rs 138.10 per kg as participants grows positions amid a firming trend at the London Metal Exchange(LMX). At the MCX, zinc for delivery in January moved up by 75 paise, or 0.55 per cent, to Rs 138.10 per kg, with a business turnover of eight lots. The metal for delivery in current month also rose marginally by 20 paise, or 0.15 per cent, to Rs 137 per kg in a business volume of 121 lots. China will further galvanize the economy of the world's biggest metals consumer, supported the rise in zinc futures.

Agro Outlook

JEERA

Jeera closed lower by 0.08 per cent on Monday at the (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for December 2014 contract closed at Rs. 12,850 per quintal, down by 0.08 per cent, after opening at Rs. 12,840 against the previous closing price of Rs. 12,860. It touched the intraday low of Rs. 12,800. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.