AGJ1mcr6I0mzSilver futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued physical demand amid firmer greenback.
At the MCX, silver futures for May 2017 contract is trading at Rs 41394 per kg, down by 0.27 per cent, after opening at Rs 41440, against a previous close of Rs 41505. It touched the intra-day low of Rs 41319.

Technically market is under fresh selling as market has witnessed gain in open interest by 2.68% to settled at 12019 while prices down -393 rupees, now Silver is getting support at 41145 and below same could see a test of 40785 level, And resistance is now likely to be seen at 41920, a move above could see prices testing 42335.

                         Trading Ideas

*Silver trading range for the day is 40785-42335.

*Silver prices edged lower amid fading demand despite jitters ahead of the French presidential election and ongoing geopolitical tensions over North Korea.

*The Labor Department said initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15.

Sluggish demand drags down cardamom futures by 0.70%

Share Market Tips|Stock Advisory Company IndoreCardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid subdued physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downtrend in the domestic cardamom prices.

At the MCX, cardamom futures for May 2017 contract is trading at Rs 1170.50 per kg, down by 0.70 per cent, after opening at Rs 1166.10, against a previous close of Rs 1178.80. It touched the intra-day low of Rs 1160.20.

 

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Gold steady on weak dollar, geopolitical worries

caddis-gif-2Gold held steady on Wednesday, supported by a weaker dollar, geopolitical concerns about North Korea and nervousness ahead of the French presidential election.

FUNDAMENTALS

* Spot gold was down 90 cents at $1,288.39 per ounce as of 0055 GMT. The metal hit its highest since early November at $1,295.42 on Monday before closing lower, and rose 0.4 percent on Tuesday.

* U.S. gold futures were down 0.3 percent at $1,290.10

* The dollar index was hovering near a three-week low on disappointing U.S. housing starts data and nervousness over trade talks between the United States and Japan.

* U.S. homebuilding fell in March after unseasonably mild weather buoyed activity in February and manufacturing output dropped for the first time in seven months, further indications that economic growth braked sharply in the first quarter.

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Yellow metal loses shine on weak global cues

mmgoldGold futures were trading lower during afternoon trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal on account of diminishing safe-haven demand on surge in equities and the US dollar.

At the MCX, gold futures for April 2017 contract is trading at Rs 28685 per 10 grams, down by 0.57 per cent, after opening at Rs 28751, against a previous close of Rs 28848. It touched the intra-day low of Rs 28626.

 

                        Trading Ideas

*Gold trading range for the day is 28701-28965.

*Gold settled flat as prices pulled back from its highs as the dollar and global equities recovered from recent losses.

*Kansas City Federal Reserve President Esther George said she needs more details on the Trump administration’s fiscal proposals.

*SPDR gold trust holdings dropped by 0.21% i.e. 1.77 tonnes to 833.51 tonnes from 835.28 tonnes.

 

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Cardamom futures flat on muted physical demand

21-Amazing-Health-Benefits-Of-CardamomCardamom futures were flat during morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the agri-commodity amid subdued physical demand for cardamom in the domestic spot market.

Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the domestic cardamom prices. At the MCX, cardamom futures for April 2017 contract is trading flat at Rs 1381 per kg after opening at Rs 1371.30, against a previous close of Rs 1381. It touched the intra-day low of Rs 1371.30.
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