MCX NEWS, NCDEX NEWS

MCX- Gold On High Level
Gold futures traded on New York touched a new record peak on Wednesday, as persistent worries about the health of the key economies such as the US, Euro-zone and Japan continued to drive investors to safe havens like precious metals. Gold for immediate delivery climbed as much as 0.2% to an all-time high of US$1,312.25 an ounce before trading at US$1,310.75 an ounce at 2:01 p.m. in Seoul.

The Dollar Index, which tracks the US currency against its six main rivals, dropped to 78.838 today, the lowest level since Feb. 3. The US currency traded near a five-month low against the euro.

Gold futures for December delivery increased as much as 0.4% to a record US$1,313.50 an ounce in New York. The yellow metal for December delivery on the Shanghai Futures Exchange also surged to an all-time high of 283 yuan (US$42) a gram.

NCDEX Updates
India turmeric futures plunged further on sturdy crop progress of turmeric in the current season along with comfortable stocks in major mandies. Turmeric arrivals in the Nizamabad mandi surged to 500 bags from 400 bags and finger variety quoted at Rs 14,500 per 100 kg, down Rs 100 from the last close. The Erode arrivals slipped to 7,000 bags from 8,000 bags and quoted down by Rs 100 at Rs 14,700 per 100 kg.
NCDEX turmeric for the October delivery slumped by Rs 76 or 0.56 percent to the session low of Rs 13380 per 100 kg. The contract is currently trading at Rs 13418, down Rs 38 or 0.28 percent from the last close. The open interest added 4.63 percent to 9,715 tonnes, indicating short selling. Volume traded as of now stood at 2,535 tonnes.

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