NCDEX Market: Turmeric, coriander, crude palm oil rise

Turmeric power price Turmeric prices were trading up by 0.80 percent to Rs 7,538/quintal in futures trade today on uptick in domestic and export demand. At the NCDEX, turmeric for delivery in the October month was trading higher by Rs 60, or 0.80% to Rs 7,538/quintal with an open interest of 10,145 lots. Simultaneously, prices of Coriander rose 1.93 percent to Rs 4,551/quintal in futures trade as members widened positions amid rising spot demand, while crude palm oil for delivery this month rose by Rs 1.80, or 0.33% to Rs 543.30/10 kg, in a business turnover of 169 lots. Likewise, the oil for delivery in October went up by Rs 1.20, or 0.22% to Rs 539.80 per 10 kg in 138 lots.

Gold strengthens Rs 31,000 level on demand push, MCX Commodity Tips

gold

Price of Gold today took jump from a positive trend overseas by surging Rs 650 per 10 grams to reach Rs 31,000 level, supported by fresh local buying, whereas silver slipped sharply by Rs 350 to Rs 41,500 per kg, on account of softening demand by industrial units and coin makers.

Globally, gold rose by 0.08% to USD 1323.60 per ounce after hitting a 2-week low of USD 1,318.96. Silver also edged up 0.03% to USD 17.75 per ounce in Singapore. In New Delhi, gold of 99.9% purity surged Rs 650 to Rs 31,000 and 99.5% purity surged Rs 30,850 per 10 grams. Gold had lost Rs 650 in the last two days.

However, Sovereign price carried on to be traded at the previous level of Rs 24,700 per piece of 8 grams. But silver ready dropped Rs 350 to Rs 41,500/kg and weekly-based delivery cracked below the 41,000 mark by slipping Rs 370 to Rs 40,930 per kg.