Precious Metals watch out: Gold Tumbles on remarkable Gains in Equities

Gold prices fell 0.58% to Rs. 29,570 per 10 grams in futures trade today since participants’ trimmed positions to book profits accompanied by a weak trend overseas. At the MCX, gold for delivery in April was trading Rs. 172, or 0.58%, lower at Rs. 29,570 per 10 grams, in a business turnover of 71 lots. Further, the metal for delivery in Feb…

MCX Commodity Online Tips : Agri Turmeric, Jeera, Coriander,

Turmeric: Commodity Turmeric futures (April) is expected to trade in the range of 7,450 – 7,615 levels. There was a mixed feel in turmeric trade since spot prices plunged at Erode markets. However, prices at Basmatnagar, Nizamabad and Duggirala markets remained unchanged on account of lackluster business activities. Due to adequate availab…

Higher arrivals drag turmeric prices | Agri Commodity Price

Prices of turmeric have been under stress in the near-term as a consequence of higher arrivals in the terminal markets and lower exports. On the other hand, the fundamentals support a strong market based on reports that turmeric production in Tamil Nadu, Telengana and Andhra would be lower than last season. NCDEX Turmeric’s spot prices on Mond…

India has no plan now to raise import tax on sugar

India has no plan at present to raise import tax on sugar as the Govt doesn’t see prospects of imports from Pakistan as of now, as per report. Although sugar availability of this year remains as tight as last year, India will have sufficient sugar to meet domestic demand without overseas purchases. The govt has pegged total sugar output at 24.…