Subdued demand at domestic spot markets also put pressure on the metal prices
Speculators reduce their positions
The December contract declined by Rs 4.30, or 0.45%, to Rs 955.70 per kg, with a business turnover of 2,634 lots
The April delivery edged up by Rs 1.15, or 0.26%, to Rs 451 per kg
The December metal eased by 70 paise, or 0.07%, to Rs 957.30 per kg
The January delivery also shed Rs 2, or 0.06% to Rs 3,287 per quintal
Sugar mills, who are the major suppliers of ethanol said that OMCs would need to procure around 88 crore litres of ethanol
The January spice traded Rs 18.60, or 1.79%, higher at Rs 1,057 per kg
The March spice shed Rs 32, or 0.50%, to Rs 6,312 per quintal
March potato fell by Rs 3.80, or 0.52%, to Rs 720.60 per quintal
Investors hope that growth in top energy consumer China will pick up sooner than expected
People are eyeing the FDI retail vote in the parliament, which could lead to appreciation in the rupee, say dealers
Guar prices have been falling for the past three quarters after the commodities regulator, FMC, banned futures in guar seed and gum