TODAY COMMODITY NEWS FOR GOLD

GOLD prices on MCX were dealing greater. At 16:35 hrs MCX GOLD May agreement was dealing at Rs 21750 up Rs 217, or 1.01 %. The GOLD amount shifted an intraday great of Rs 21850 and an intraday low of Rs 21587. So far 8804 agreements have been exchanged. GOLD costs have shifted down Rs 2350, or 9.75 % in the May sequence so far.

MCX GOLD This summer agreement was dealing at Rs 21888 up Rs 226, or 1.04 %. The GOLD amount shifted an intraday great of Rs 21950 and an intraday low of Rs 21703. So far 1593 agreements have been exchanged. GOLD costs have shifted down Rs 2313 or 9.56 % in the summer sequence so far.

MCX GOLD This summer agreement was dealing at Rs 22050 up Rs 324, or 1.49 %. The GOLD amount shifted an intraday great of Rs 22065 and an intraday low of Rs 21803. So far 47 agreements have been exchanged. GOLD costs have shifted up Rs 569, or 2.65 % in the summer sequence so far.

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Today Commodity market news for Mustard Seed

Mustard Seed prices closed lower by 0.87 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for May 2013 contract closed at Rs. 3,423 per quintal, down by 0.87 per cent, after opening at Rs. 3,439 against the previous closing price of Rs. 3,453. It touched the intra-day low of Rs. 3,413. 

Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. 

EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually.

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Today Commodity news for Mentha oil futures

Mentha oil prices rose by 1.11 per cent on Friday at the Multi Commodity Exchange (MCX) as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh. At MCX, Mentha oil futures for May 2013 contract, at MCX, were trading at Rs.929.50 per kg, up by 1.11 per cent after opening at Rs. 919 against the previous closing price of Rs. 919.10. It touched the intra-day high of Rs. 932.80 till the trading. (At 3.13 PM today). Sentiment improved further due to tight stocks position in the physical market due to restricted arrivals from producing belts. About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.

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TODAY COMMODITY NEWS FOR Crude oil futures

Crude oil futures rose in the domestic market on Friday after a report said that the number of Americans who filed for unemployment claims last week fell to the lowest level in more than five years, signaling an improving labour market recovery, bolstering the demand outlook for the fuel. Unemployment claims in the US fell by 18,000 to 324,000 last week, the lowest level since January 2008, the Labour Department said in a report. Further, US trade deficit narrowed to USD 38.8 billion in March 2013 from USD 43.6 billon in the prior month as imports of consumer goods and business equipment dropped, lifting the demand outlook for the fuel. The European Central Bank (ECB) cut borrowing costs to a record low in a bid to the revive the 17-member Euro area economy, which is failing to overcome its worst recession in four years. The central bank lowered its main refinancing rate or its benchmark interest rate to 0.50 per cent from 0.75 per cent. At the MCX, Crude Oil futures, for the May 2013 contract, is trading at Rs 5,063 per barrel, up by 0.92 per cent, after opening at Rs 5,028, against a previous close of Rs 5,017. It touched an intra-day high of Rs 5,067. (At 15:09 PM).

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