In commodity market Gold prices down by another Rs 25 to Rs 27,225 per ten grams at the bullion market in the national capital on Friday due to loosen demand from jewellers and retailers amid a weak trend overseas. Silver also reduce by Rs 100 to Rs 36,600 per kg on reduced offtake by industrial units and coin makers. Traders said apart from downcast demand from jewellers and retailers at prevailing levels, a weak trend in global markets mostly kept gold prices lower. Globally, gold eased by 0.16 per cent to $1,196 an ounce in London on Friday. In Delhi, gold of 99.9 and 99.5 percent purity shed another Rs 25 each to Rs 27,225 and Rs 27,025 per ten grams.
COPPER
In commodity market Copper prices slide 0.22 per cent to Rs 406.25 per kg in futures trade on Thursday after speculators snip positions on a weak global trend.At the ( MCX), copper for February 2015 delivery fell by 90 paise, or 0.22 per cent, to Rs 406.25 per kg in a business turnover of 1,037 lots.In a similar fashion, the metal for delivery in April next year shed 85 paise, or 0.21 per cent, to Rs 410.40 per kg in 19 lots.
CASTORSEED
In market Castorseed prices fall down by 0.38 per cent on Friday at the (NCDEX) as a result of fresh impart of the commodity in the major mandies as well as powerful production estimates. At the NCDEX, castor seed futures for December 2014 contract was trading at Rs. 4,730 per quintal tonnes, down by 0.38 per cent, after opening at Rs. 4,739 against the previous closing price of Rs. 4,748. It touched the intra-day low of Rs. 4,708 till the trading. (At 12.20 PM today). Castor oil, extracted from castor seed is the huge vegetable oil exported out of India.
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