MUMBAI (Commodity Online): The National Spot Exchange Limited (NSEL), India has recorded a turnover of Rs 2084.29 lakhs with total of 478 trades at the end of the first trading session. The turnover in bullion was Rs. 316.30 lakhs and in agri commodities Rs. 1767.99 lakhs.
Bullion E-Gold Demat delivery contract recorded volume of 6626 units (1 gram each) and closed at Rs. 1732.50/ gram while E-Silver Demat delivery Contract recorded volume of 7045 lots (100 gram each) and closed at Rs. 2866.30/100 gram.
Gold traded higher in the domestic as well as international market. In domestic market gold is trading near Rs.17000/10 gram levels. Total quantity of Gold traded till 6.00 pm is 6.60 kg.
Gold rose on Friday as dollar weakness and a recovery in the price of other commodities added to safe-haven buying linked to concern over the euro zone's fiscal health.
The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust holdings hit a new record of 1,159.002 tonnes as of April 29. A strong pick-up in safe-haven demand and big increases into the U.S. SPDR exchange-traded fund is a strong signal that investors are very concerned about the possible implications of the European debt situation.
Hhowever, demand has been poor in the past few days as buying subsided on expectations of higher prices to fall in Indian markets.
Agri commodities Castor seed price at different delivery location traded in upward bias. Castor seed recorded a total trade of 75512 bags in different contract.
The arrival in the market is near 90000 bags. After profit booking buying emerged in the markets and demand perked up. The futures market price is in consolidation mode with little upward bias. Stockiest and castor seed crushers started buying at lower levels for their inventory management.
Castor oil kandla delivery contract traded lower by Rs.2/10kg and settled at Rs 675/ 10 Kg with delivery of 60 MT. Cottonseed washoil kadi delivery contract was unchanged and settled at Rs 406/ 10 Kg with delivery of 30 MT.
Chana Ganjbasoda delivery contract traded lower by Rs. 45/QTL and settled at Rs 2027/QTL with delivery of 40 MT while Desi Chana Vidisha delivery contract traded lower by Rs. 44/QTL and settled at Rs 2020/QTL with delivery of 20 MT.