MUMBAI: Nymex crude oil price came off its 21-month low in Asian trades earlier in the day after US industrial production gained increasing expectations that fuel demand may improve. Near-month settlement contract rose to $55.98 per barrel after industries used 76.4% capacity in October as against 75.5% in September. Crude oil prices have since corrected to the current level of $55.32 per barrel, up 0.64%. MCX December contract opened the session at Rs 2,867 per barrel, and was last quoted at Rs 2,834 per barrel - down 1.5%. In London, gold was last traded at $735.70 an ounce, down $2.70. Silver was quoted at $9.29 an ounce. Paltinum added $9 to $820 an ounce. MCX gold December contract was last quoted at Rs 11,838 per 10 gram, down 0.36%. Silver was quoted at Rs 16,180 per kg, down 0.92%. Sugar and CPO prices reversed their declining trend while soybean prices turned lower. Turmeric prices continued to trade firm. NCDEX sugar December contract turned higher ahead of hearing in the Uttar Pradesh High Court on higher cane MSP prices... the contract traded between Rs 1,797 and Rs 1,772 before ending the session at Rs 1,791 per quintal. CPO prices opened stronger on MCX... the near-month settlement contract settled at Rs 241 per 10 kg, up 3.52%, after the government decided to re-impose 20% import duty on crude soy oil. NCDEX soybean December contract settled at Rs 1,554 per quintal. NCDEX December turmeric contract ended the session on a positive note at Rs 3,841 per quintal. |
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