COMMODITY TIPS FOR MCX,NCDEX,AGRI,ENERGY,GOLD-SILVER LIVE PRICES AND TIPS GIVE MISSED CALL TO
In mid of a weakening
global trend, Gold Futures fell sharply by Rs 405 to Rs
29,110 per 10 grams on Monday as speculators cut down their bets.
Gold for delivery in April contracts dropped Rs
405 (1.37%) to Rs 29,110 per 10 grams in a business turnover of 799 lots at the
Multi Commodity Exchange of
India (MCX).
In a similar fashion, the metal for
delivery in far-month June was trading down Rs 390 (1.31%) to Rs 29,390 in 22
lots.
Market analysts said the fall in Gold Futures is mostly in step with a weak trend overseas as Asian
equities resumed their gain and chances of the US rate hike rose after a report
on Friday showed a pick-up in inflation.
Meanwhile,
Gold Prices slid 0.3% to $1,223.67 (nearly Rs 83,907.05) an ounce in
Singapore on Monday.
India' Crude Oil imports in the current are likely to reduce by 45% in accordance with the ongoing downtrend in
crude prices. “The import bill of crude oil is estimated to reduce by 45% from
$113 billion in 2014-15 to $62billion in 2015-16 considering Indian basket
crude oil price of $ 35/bbl and $/Rs=67for the balance part of the financial
year,”
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