Most contracts across all commodities fall

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Mumbai, Apr 1 (UNI) Most contracts across all commodities fell on Multi Commodity Exchange (MCX) here today.

MCX recorded a turnover of Rs 5,886.55 crore and 85,566 trades.

The composite index of metals, energy and agro-commodities lost 1.11 per cent at 2,619.10 points.

Metal and Agri declined sharply at 1.81 pc and 3.22 pc respectively.

Gold, helped by volume of 25,590 kg and open interest of 8,616 kg, clocked a turnover of Rs 3,001.58 crore. While the turnover of silver was at Rs 1,240.73 crore. It was backed by volume of 5,67,210 kg and open interest of 2,38,040 kg. All contracts in bullion declined sharply, gold October 2008 contract fell 3.51 pc to Rs 11,722 per 10 gm. The range of decline was from 1.79 pc to 3.51 pc. The December 2008 contract of silver was at Rs 22,760 per kg, down by 3.89 pc.

All metal contracts showed a downward trend, bar tin May 2008 contract remained unchanged. Copper August '08 contract fell by 2.22 pc at Rs 329.85 per kg and nickel May 2008 contract slid by 2.82 pc at Rs 1,189 per kg.

CFI December 2008 and December 2010 contracts remained unchanged, while December 2009 contract gained 1.67 pc at Rs 1,520 per tonne.

Two contracts in crude oil gained marginally, while one lost and three contracts remained unchanged. All contracts in natural gas declined marginally.

All contracts in kapashali, menthe oil, potato (Agra and TRWR) and jute fell in varying degrees. Refsoyoil April 2008 and May 2008 contracts fell 4 pc each at Rs 565.45 and Rs 564.55 per 10 kg respectively. Potato contracts showed sharp decline as well, with potato contracts for June 2008 falling by 3.83 pc to Rs 469.10 per quintal. Rubber contract for July 2008 topped the list of gainers with a gain of 2 pc at Rs 10,650 per quintal and sugar contract for June 2008 by 1.25 pc at Rs 1,541 per quintal. Among losers, refsoyoil was leading the pack, with April 2008 falling by 4 pc at Rs 565.45 per 10. It was followed by chana May 2008, losing 3.98 pc to Rs 2,675 per quintal.

While gold contract for June 2008 clocked a volume of 22,138 kg, nickel contract for April 2008 recorded 461,000 kg, an MCX release said.


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