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Lead prices fell by 0.08 per cent on Tuesday at the domestic markets as a result of low demand for the commodity from battery-maker in the spot market in the midst of weak overseas trend. At the MCX, Lead futures, for the September 2014 contract, is trading at Rs 128 per kg, down by 0.08 per cent, after opening at Rs 128.50, against a previous close of Rs 128.10.
It touched an intra-day low of Rs 127.30 till the trading.
Castorseed prices rose by 0.2 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings.
At the NCDEX, castor seed futures for September 2014 contract were trading at Rs. 4,090 per quintal tonnes, up by 0.2 per cent, after opening at Rs. 4,115 against the previous closing price of Rs. 4,082.
Coriander prices rose by 1.57 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts.
At the NCDEX, coriander futures for September 2014 contract was trading at Rs. 11,382 per quintal, up by 1.57 per cent after opening at Rs. 11,475 against the previous closing price of Rs. 11,206.
It touched the intra-day high of Rs. 11,475 till the trading.
Gold edged higher as equities tumbled but the metal continued to struggle near lows due to weak physical demand. Investors are watching the Fed's words closely for any clues on the timing of the first U.S. rate hike in more than eight years. In the physical gold market, imports in India, rose to $2.04 billion in August, up 175 percent from a year earlier.
Mentha oil trading range for the day is 654.8-682. Mentha oil spot is at 753/-. Spot market is up by Rs.5/-. Mentha oil prices ended with gains driven by pick-up in demand from consuming industries against tight supplies Further, anticipation of some pick up in exports in coming days too supported prices uptrend.
At Sambhal market estimated market supply was at 50 Drums down by 10 Drums previous day’s arrivals.
Silver trading range for the day is 41034-41758. Silver prices seen supported after mixed U.S. data gave investors room to snap up nicely-priced positions in the commodity. The Federal Reserve Bank of New York said that its general business conditions index increased to a five-year high of 27.5 this month from 14.7 in August.
Holdings at silver-backed exchange-traded funds rose to a record high as a pullback in prices prompted long-term retail investors to increase purchases.
Crudeoil trading range for the day is 5527-5745. Crude oil seen pressure as lacklustre economic data from China cast a shadow over the outlook for oil demand at a time of abundant supply. On the supply front, Libya's oil production is expected to rise to 1 million barrels per day (bpd) in October.
Oil ministers from the Middle East Gulf said the oil price drop was unlikely to spur action by the OPEC unless crude fell below $85 a barrel.
Soyabean trading range for the day is 3172-3252. Soyabean prices ended with gains after the recent fall in prices market recovered moderately on steady demand amid weak arrivals. The international markets did remain firm on weather issues in the US soybean growing belts. United States soybean futures fell after a US Department of Agriculture (USDA) raised its forecasts for harvest above market expectation.
At the Indore spot market in top producer MP, soybean gained 54 rupee to 3573 rupee per 100 kgs.