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Commodity Important Updates for 16 Dec 2016
Precious: Gold futures drop during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the precious metal taking positive signs from global markets.
Gold closed 2.16 per cent downward at Rs 26,992 per 10 gm, while white metal prices on MCX tanked 5.97 per cent to Rs 39,238 per 1 kg.
Petroleum: Crude oil futures felled by more than 1 per cent during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the energy commodity as US dollar strengthened after US Fed’s interest rate hike verdict.
Agro: Wholesale dal prices have come off sharply, thanks to better output this kharif and government pro-activity on imports, said Nanji BSE 0.00 % S Dama of Kajal Traders at APMC grain market.
Actually, against a 40% drop in wholesale tur dal prices in Delhi and Mumbai currently, retail prices of the pulse have declined by 28-30%, at least 10 % points low in the two metros.
During morning trade Mentha oil futures were trading high in the domestic market on Friday as investors & speculators build up new bets in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market.
For December 2016 contract mentha oil futures is trading at Rs 1,005.30 per kg, upward by 0.77 per cent, after opening at Rs 998, against.
Base Metal: Lead futures were trading high during morning trade in the domestic market on Friday as investors and speculators indulged in building up new positions in the industrial metal among rise in physical demand for lead, from battery-makers, in the domestic spot market.
At the MCX, lead futures for December 2016 contract is trading at Rs 157.45 per kg, upward by 0.10 per cent, after opening at Rs 157.40, against a last close of Rs 157.30. It touched the intra-day higher of Rs 157 ...
News Release: Commodity Important Updates for 16 Dec 2016
Submitted on: December 16, 2016 10:48:45 AM
Submitted by: Rahul
On behalf of: www.researchvia.com/commodity-pack/