Indian Commodity gold futures are expected to expand losses from their lowest level in six weeks on prospect of physically powerful strong rupee, although bodily buying could bound the weakness.
The rupee bounced from its near record low against the dollar on Tuesday. The local currency plays an important role in determining the landed of the dollar quoted fair metal.
Now we talk to Agri market so Cardamom futures are expected to trade higher supported by fall in crop yield for session 2012 to 2013. New session produce estimates by planters body is 9,000 tons only as compared to last year, whereas cardamom consumptions in India is estimated at 11 to 12 tons per annum.
The rupee bounced from its near record low against the dollar on Tuesday. The local currency plays an important role in determining the landed of the dollar quoted fair metal.
Now we talk to Agri market so Cardamom futures are expected to trade higher supported by fall in crop yield for session 2012 to 2013. New session produce estimates by planters body is 9,000 tons only as compared to last year, whereas cardamom consumptions in India is estimated at 11 to 12 tons per annum.
MCX Live Update Today
MCX
Commodity Index
|
Pre. Close
|
% Change
|
MCX
Gold
|
28070
|
-174
|
MCX Silver
|
53202
|
-433
|
MCX
Copper
|
423.3
|
-1.75
|
MCX Crude Oil
|
5084
|
-27
|
MCX
Zinc
|
103.45
|
-0.05
|
MCX Lead
|
109.2
|
-0.35
|
MCX Nickel
|
918.2
|
1.2
|
MCX
Aluminum
|
107.6
|
-0.55
|
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